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EconoMix

Rupee up 8 paise against dollar in early trade

Thursday, Nov 17, 2016,10:31 IST By Metrovaartha A A A

Mumbai | The rupee recovered by 8 paise to 67.86 against the dollar in early trade today on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said weakness in the dollar against other currencies overseas on disappointing US economic data — showing wholesale inflation and industrial production flat in October — also supported the rupee.

Yesterday, the rupee had lost 20 paise to end at near five-month low of 67.94 against the US currency in a highly volatile trade amid unabated dollar outflows.

Meanwhile, the benchmark BSE Sensex recovered by 134.38 points, or 0.51 per cent, to 26,433.07 in early session today.