Rupee to dollar: Indian rupee recovers in late morning deals, up 5p

Written by PTI | Mumbai | Updated: Aug 12 2014, 17:23pm hrs
RupeeIndian rupee depreciated by five paise to 61.22 against the US dollar in early trade today. (Reuters)
The Indian rupee recovered against the American currency by five paise to 61.12 in late morning deals on bouts of dollar selling by exporters. Check Live Updates: Indian Rupee

Earlier the rupee resumed weak on sustained bouts of dollar demand at 61.22 as against the last closing level of 61.17 at the Interbank Foreign Exchange (Forex) Market.

Later it gained on dollar selling and was quoted 61.12 per dollar at 1020 hours.

It moved in a range of 61.11 and 61.22 per dollar during the morning trade.

Crude oil prices fell in Asia today on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq.

In New York Market, the US dollar also moved up against its major rivals late yesterday as investor concerns about geopolitical conflicts eased.

Meanwhile, the benchmark BSE Sensex was trading higher by 150.53 points or 0.59 per cent to 25,669.77 at 1030 hours.