Rupee recovers 12 paise against dollar in trade

The rupee recovered by 12 paise to 64.04 against the dollar in early trade Tuesday on fresh selling of the US currency by exporters.

Mumbai: The rupee recovered by 12 paise to 64.04 against the dollar in early trade Tuesday on fresh selling of the US currency by exporters.

Forex dealers said a weakening dollar against some currencies overseas and early gains in domestic equity markets also supported the rupee.

The rupee had lost 12 paise to close at a new 6-week low of 64.16 per dollar yesterday on persistent demand for the US currency from banks and importers amid a massive plunge in equities.

The benchmark BSE Sensex rose by 100.08 points, or 0.36 per cent, to 27,661.46 in early trade.

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