The rupee regained 13 paise to 67.82 against the U.S. dollar in early trade on Thursday on fresh selling of the currency by exporters and banks amid a higher opening in the domestic equity markets.Forex dealers said apart from selling of the American currency by exporters and banks, weakness in the dollar against other emerging market currencies overseas, supported the rupee.

Further, a higher opening in the domestic equity market influenced the rupee’s uptrend, they added.Yesterday, hit by global growth concerns, the rupee crashed below the 68-level (refer to graphic below) after 28 months and closed 30 paise down at 67.95 on fresh demand for the American currency from importers amid a massive fall in domestic stock markets.Meanwhile, the benchmark BSE Sensex recovered by 252.75 points, or 1.05 per cent, at 24,314.79 in early trade on Thursday.

Source : thehindu.com

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