Rupee Recovers 16 Paise Against Dollar in Early Trade
File photo of a man counting money. (Reuters)
Mumbai: The rupee recovered 16 paise to 66.69 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.
Besides, increased foreign fund inflows also supported the rupee but a lower opening of the domestic equity market and the dollar's strength against some currencies overseas capped the gains, forex dealers said.
Yesterday, the rupee fell sharply by 39 paise – its biggest single-day fall in three months - against the US dollar to close at 66.85 after the Army announced that it had carried out "surgical strikes" on terror launch pads in Pakistan across LoC.
The benchmark BSE Sensex fell by 107.72 points, or 0.39 per cent, to 27,719.81 in early trade today.
Recommended For You
- MARCHING ORDERS?MCC Recommends Red Card Suspension in Cricket, Limit To Bat Size
- Youtube rewindRajnikanth's Kabali Trailer: The Most Watched Movie Trailer on YouTube in 2016
- Unbelievable?Aishwarya Rai's Recent Photo with Katrina Kaif, Madhuri Dixit Will Make Your Day
- MORE THE MERRIERFIFA President Infantino Backs 48-Team World Cup
- PARTNERSHIP ENDSWorld Number Two Novak Djokovic Splits With Coach Boris Becker