Indian rupee recovers 23 paise, rises to 61.32 against US dollar

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A higher opening in the domestic equity market and a weak dollar against other currencies overseas also supported the gain in Indian rupee. A higher opening in the domestic equity market and a weak dollar against other currencies overseas also supported the gain in Indian rupee.
SummaryThe Indian rupee had lost 48 paise to close at 61.55 against the US dollar in Monday's trade.

The Indian rupee recovered by 23 paise to 61.32 against the US dollar in early trade today at the Interbank Foreign Exchange following selling of the American currency by exporters and banks.

A higher opening in the domestic equity market and a weak dollar against other currencies overseas also supported the gain in rupee, forex dealers said.

The Indian rupee had lost 48 paise to close at 61.55 against the US dollar in yesterday's trade after weak inflation and industrial output data amid fresh demand from importers for the US currency.

Meanwhile, the BSE Sensex spurted by 142.95 points, or 0.69 per cent, to 20,750.49 in early trade today.

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