The rupee recovered by four paise to 67.25 against the U.S. dollar in early trade on fresh selling of the American currency by exporters and banks. Forex dealers said a higher opening in the domestic equity markets too supported the domestic unit and dollar’s weakness against other currencies overseas supported rupee.

On Thursday, the rupee had tumbled by 44 paise to close at more than two-year lows of 67.29 against the U.S. dollar. Meanwhile, the benchmark BSE Sensex recovered by 139.67 points, or 0.56 per cent, to quote at 24,912.64 in early trade.

Source:thehindu.com

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