Rupee gains 9 paise against US dollar in early trade

Nov 09 2012, 10:25 IST
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The rupee recovered by 9 paise to Rs 54.27 against the US dollar in early trade. (Reuters) The rupee recovered by 9 paise to Rs 54.27 against the US dollar in early trade. (Reuters)
SummaryThe rupee recovered by 9 paise to Rs 54.27 against the US dollar in early trade.

The rupee recovered by 9 paise to Rs 54.27 against the US dollar in early trade today at the Interbank Foreign Exchange on dollar selling by exporters and banks.

Besides, a higher opening in the domestic equity market and euro and yen's strengthening against the American currency overseas also supported the rupee, dealers said.

The rupee had lost 16 paise to close at 54.36 against the dollar yesterday on heavy demand for the American currency from banks and importers.

Meanwhile, the BSE benchmark index Sensex rose marginally by 18.29 points, or 0.09 per cent, to 18,864.55 in early trade today.

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