The rupee rose by 9 paise to 62.18 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on sustained selling of dollars by exporters.
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Forex dealers said besides selling of the American currency by exporters and banks, dollar’s weakness against other currencies overseas also supported the rupee.
They said, however, a lower opening of the domestic equity market capped the rise.
The rupee had strengthened by 19 paise against US dollar to end at 62.27 in Monday’s trade.
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