Rupee recovers by 9 paise

Nov 09, 2012 |

mumbai

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The rupee recovered by 9 paise to Rs. 54.27 against the U.S. dollar in early trade on Friday 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 on Thursday on heavy demand for the American currency from banks and importers.

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