Rupee recovers 5 paise against US dollar in early trade

Indian rupee has recovered by five paise against the US dollar to 65.47 in the early trade on Friday on account of fresh selling of American currency by exporters and banks amide higher opening in the domestic equity market.

Rupee recovers 5 paise against US dollar in early trade

The rupee recovered five paise to trade at 65.47 against the US dollar in morning session on Friday.

Fresh selling of the American currency by exporters and banks amid higher opening in the domestic equity market bolstered the domestic currency, dealers said.

 

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However, a strong dollar in global markets capped the rupee gains, they added.

The rupee had lost eight paise to close at 65.52 against the US currency due to bouts of dollar demand from importers and banks.

Meanwhile, the benchmark BSE Sensex rose 72.54 points, or 0.24%, to 29,404.70 points in early trade on Friday. 

ALSO READ: Rupee strengthens by 5 paise against dollar in early trade 

 

Written By: PTI
Updated: Fri, Mar 24, 2017
09:53 AM IST
Mumbai , PTI
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