The rupee recovered by 12 paise to 60.01 against the dollar at the Interbank Foreign Exchange market on Thursday on fresh selling of the U.S. currency by exporters.

Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the U.S. currency overseas also supported the rupee.

The rupee closed 2 paise lower at 60.13 on Wednesday as a sudden demand for the U.S. currency emerged at fag-end of trade.

Meanwhile, the benchmark BSE Sensex rose by 88.71 points, or 0.40 per cent, to 22,412.61 in early trade on Thursday.

More In: Markets | Business