Rupee recovers 7 paise against dollar

Tuesday, Aug 16, 2016,12:02 IST By metrovaartha A A A

Mumbai | The rupee recovered 7 paise to 66.82 against the US dollar in early trade Tuesday on selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Besides, weakness in the dollar against other currencies overseas supported the rupee, dealers said.

Moreover, domestic equities jumped, fueling the uptrend.

The rupee had lost 4 paise at 66.89 against the US dollar in Friday’s trade due to sustained dollar demand from banks and importers.

Meanwhile, the benchmark BSE Sensex rose by 37.64 points or 0.13 per cent to 28,190.04 in early trade Tuesday.