 "Rupee recovers, up 17 paise against dollar")
The rupee edged higher by 17 paise to 65.56 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American unit by exporters amid fresh foreign funds inflows.
Forex dealers said a weakening dollar against other currencies overseas and a higher opening in the domestic equity market supported the rupee.
The rupee had closed lower by six paise at 65.73 yesterday on fresh demand for the American currency from banks and importers following a stronger greenback in overseas markets.
The benchmark BSE Sensex rose 133.24 points, or 0.50%, to 26,326.22 in early trade today.
Forex dealers said a weakening dollar against other currencies overseas and a higher opening in the domestic equity market supported the rupee.
The rupee had closed lower by six paise at 65.73 yesterday on fresh demand for the American currency from banks and importers following a stronger greenback in overseas markets.
The benchmark BSE Sensex rose 133.24 points, or 0.50%, to 26,326.22 in early trade today.