Rupee stages smart recovery; up 59 paise at 62.51 Vs dollar
Zee Media Bureau
The rupee recovered by 59 paise to end at 62.51 against the American currency Tuesday on fresh selling of dollars by banks.
The rupee resumed lower at 63.15 per dollar as against the yesterday's closing level of 63.10 at the Interbank Foreign Exchange (Forex) Market on initial demand for the US currency from banks and importers in view of strong dollar overseas.
However, it recovered afterwards to 62.51 on fresh selling of dollars by banks.
It moved in a range of 62.51-63.18 per dollar.
Meanwhile, the 30-share Sensex concluded the day at 20,683.51, down 23.94 points, or 0.12 percent. The gauge has now lost 690 points in three straight sessions.
Also, the 50-share National Stock Exchange Nifty index declined 9.60 points, or 0.16 percent, to end at 6,126.25, after touching a low of 6,085.95.
With agency inputs