Indian rupee gains 2 paise against US dollar in early trade

By: | Published: November 12, 2014 10:07 AM

Indian rupee recovered marginally by two paise to 61.53 against the US dollar in early trade today.

Indian rupee recovered marginally by two paise to 61.53 against the US dollar in early trade. (AP)Indian rupee recovered marginally by two paise to 61.53 against the US dollar in early trade. (AP)

The rupee recovered marginally by two paise to 61.53 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Besides, the dollar’s weakness against other currencies overseas and a higher opening in the domestic equity market supported the rupee, forex dealers said.

Yesterday, the rupee ended lower by five paise at 61.55 against the dollar due to fresh demand for the US currency from banks and importers.

Meanwhile, the benchmark BSE Sensex jumped 141.72 points, or 0.50 per cent, to hit lifetime high of 28,051.78 in opening trade today.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition