The rupee on Tuesday recovered by 6 paise to trade at 60.11 against the U.S. dollar in early trade on the Interbank Foreign Exchange amid sustained foreign capital inflows.
Increased selling of the dollar by banks and exporters amidst sustained inflows of foreign funds supported the rupee, dealers said.
Besides, a higher opening in the domestic equity market also helped the rupee but dollar’s gain against other currencies overseas capped the rise, they added.
Increased selling of the dollar by banks and exporters amidst sustained inflows of foreign funds supported the rupee, dealers said
The rupee fell by nine paise to end at 60.17 against the dollar in on Monday’s trade following month-end demand from importers for the American currency.
Meanwhile, the benchmark BSE Sensex rose 103.87 points, or 0.41 per cent, to trade at 25,517.65 in early trade.
