Indian rupee up 12 paise against US dollar

Written by PTI | Mumbai | Updated: May 8 2014, 15:12pm hrs
Indian rupeeIndian rupee closed 2 paise lower at 60.13 yesterday as a sudden demand for the US currency emerged at fag-end of trade. (AP)
The Indian rupee recovered by 12 paise to 60.01 against the US dollar at the Interbank Foreign Exchange market today on fresh selling of the US currency by exporters.

Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the US currency overseas also supported the Indian rupee.

The Indian rupee closed 2 paise lower at 60.13 yesterday as a sudden demand for the US currency emerged at fag-end of trade.

Meanwhile, the benchmark BSE Sensex rose by 88.71 points, or 0.40 per cent, to 22,412.61 in early trade today.