Rupee recovers 6 paise against USD in early trade

DN Bureau

The rupee strengthened by 6 paise to 71.01 against the US dollar in early trade Wednesday at the interbank forex market on some selling of the greenback by exporters and banks amid sustained foreign fund inflows.

File Photo
File Photo

Mumbai: The rupee strengthened by 6 paise to 71.01 against the US dollar in early trade Wednesday at the interbank forex market on some selling of the greenback by exporters and banks amid sustained foreign fund inflows.

A positive opening for the stock markets also boosted the domestic currency, dealers said.

On Tuesday, the rupee snapped its gains of previous two sessions and closed 10 paise lower at 71.07 to the US dollar amid fears of escalation in geopolitical tensions following Indian fighter jets' air strike on a Pakistan-based terror camp.

Meanwhile, the benchmark BSE Sensex rose 218.81 points, or 0.61 per cent, to 36,192.52 points in early trade. (PTI)

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