The rupee recovered marginally by four paise to 60.10 against the U.S. currency in early trade on Friday at the Interbank Foreign Exchange market on selling of dollars by exporters.
Forex dealers said weakening of the dollar against other currencies overseas, following disappointing economic data and a higher opening in the domestic equity market, supported the rupee.
Forex dealers said weakening of the dollar against other currencies overseas supported the rupee
Besides, easing of global crude oil prices was another positive factor, they said.
The domestic currency had lost two paise to close at 60.14 against the dollar in Thursday’s trade amid weak local equities and demand for the U.S. currency from importers.
Meanwhile, the 30-share BSE Sensex recovered by 83.41 points, or 0.33 per cent, to 25,146.08 in early trade on Friday.