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Rupee rebounds 30 paise against dollar in early trade

Rupee_6

Mumbai :The rupee recovered from its three-week low by surging 30 paise to 66.63 against the US dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.

Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar’s strength against other currencies overseas capped the gains.

Yesterday, the rupee had declined by 11 paise to close at more than three-week low of 66.93 against the US dollar on persistent demand for the American currency from banks and importers amid sharp fall in equities.

Meanwhile, the benchmark BSE Sensex regained the 25,000-mark by recovering 206.65 points or 0.83 per cent to quote 25,058.48 in early trade.

PTI

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