The rupee recovered by 19 paise to 62.37 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.
Forex dealers said a higher opening in the domestic equity market also supported the rupee but dollar’s strength against other currencies overseas, following better-than-forecast US growth figures, capped the rise.
The rupee had lost 15 paise against the dollar to end at 62.56 in the previous session, in line with a sell-off in emerging markets, after the US Federal Reserve scaled back its stimulus programme.
The benchmark BSE Sensex rose 54.65 points, or 0.26 per cent, to 20,552.90 in early trade today. PTI