The rupee recovered by 8 paise to 55.43 against the American currency in early trade on Monday, snapping a four-session losing streak, at the Interbank Foreign Exchange on dollar selling by exporters and some banks.
Besides, a higher euro against the American unit on improved German business confidence data and hopes for a key aid payment to debt-wracked Greece, a higher opening in the domestic equity market supported the rupee, forex dealers said.
Meanwhile, the BSE benchmark index Sensex recovered by 76.08 points, or 0.41 per cent, to 18,582.65.
The rupee had tumbled by 30 paise to close at two-and- a-half-month low of 55.51 against the dollar in the previous session on Friday on sustained demand for the dollar from importers and banks.
