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Rupee recovers 8 paise against dollar to 66.60 in early trade

Fresh selling of the American currency by exporters and banks helped the rupee

An employee counts rupee notes at a cash counter inside a bank in Agartala

An employee counts rupee notes at a cash counter inside a bank in Agartala

Press Trust of India Mumbai
Snapping its three-day losing streak, the rupee edged higher by 8 paise to 66.60 against the dollar at the Interbank Foreign Exchange in early trade today, on fresh selling of the American currency by exporters and banks.

Besides, a higher opening in domestic stock markets supported the rupee but dollar's strength against other currencies overseas capped the gains.

The rupee had dropped nine paise to close at 67.68 per dollar in yesterday's trade on sustained demand for the US currency from banks and importers amid sharp fall in equities.

Meanwhile, the benchmark BSE Sensex recovered by 126.72 points or 0.52% at 24,315.09 in early trade.

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First Published: Jan 19 2016 | 9:48 AM IST

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