The rupee recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of…
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Currency traders said strength in the US dollar against major global currencies, however, capped the gains in the domestic unit.
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On Thursday, the rupee had plunged by 28 paise to end at a new three-month low of 65.04 against the US dollar even as importers actively covered unhedged positions amid fears over Fed rate hike.
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Meanwhile, the benchmark BSE Sensex recovered 107.09 points, or 0.31 per cent, to 33,926.59 in early trade today.
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The rupee recovered by 17 paise to 64.87 against the dollar in early trade on Friday on mild selling of the greenback by exporters and a higher opening in the domestic equity market.