Rupee recovers 9 paise against dollar in early trade as exporters sell US currency
The dollars weakness against some currencies overseas supported the rupee but a lower opening in the domestic equity market restricted gains,
Reversing its three-day downward trend, the rupee on Thursday recovered by 9 paise to 67.36 against the dollar in early trade on fresh selling of the US currency by exporters.
Besides, the dollar's weakness against some currencies overseas supported the rupee but a lower opening in the domestic equity market restricted gains, dealers said.
The rupee had declined sharply against the US currency and ended lower by 19 paise to 67.45 in Wednesday's trade.
Meanwhile, the benchmark BSE Sensex was trading lower by 54.87 points, or 0.20%, at 26,659.06 in early trade on Thursday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.