Rupee up 4 paise in early trade

The rupee recovered by four paise to 60.52 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

The local currency had lost 9 paise to close at 60.56 per dollar on Monday following late profit booking in local equities and fresh dollar demand from oil importers.

Forex dealers said besides selling of the US currency by exporters, dollar’s weakness against other Asian currencies overseas also supported the rupee but a lower opening of the domestic equity market capped the gains.