Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade…
(Photo: Getty)
Besides, the dollar’s weakness against some currencies overseas and early gains in the domestic equity market supported the rupee.
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The rupee had lost 5 paise to close 64.13 against the US currency in Friday’s trade due to sustained demand for the American currency from importers and corporates.
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Meanwhile, the benchmark BSE Sensex was quoting higher by 190.65 points or 0.61 per cent at 31,404.24 in opening trade today.
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Reversing its three-day downward trend, the rupee recovered by 17 paise to 63.96 against the US dollar in early trade today on fresh selling of the American currency by exporters.