The rupee rose by 22 paise to 60.67 against the American currency in the morning trade on fresh selling of dollars by banks and exporters due to persistent capital inflow into equity market.
The rupee resumed lower at 60.92 per dollar as against the last weekend’s level of 60.89 at the Interbank Foreign Exchange (Forex) Market.
However, it recovered immediately to 60.65 per dollar before quoting at 60.67 per dollar at 1000hrs (IST).
It moved in a range of 60.65-60.92 per dollar during the morning deals.
In the New York market, the dollar edged lower against the Japanese yen and euro on Friday last, but notched a weekly gain as traders continued to focus on a Federal Reserve meeting that left markets anticipating earlier policy rate hikes than initially expected.