The rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade today on selling of the American currency by banks and exporters amid sustained foreign capital inflows.
Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas also supported the local currency.
Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas also supported the local currency.
Yesterday, the rupee had lost two paise to close at 60.45, nearing its four-week high levels, against the American currency on dollar demand from importers.
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