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Mumbai, Jun 27: The rupee recovered marginally by four paise to 60.10 against the US currency in early trade on Friday at the Interbank Foreign Exchange market on selling of dollars by exporters. Also Read - Sensex Falls 2,500 Points; Nifty Down Over 700 Points to Trade Below 9,300 Mark
Forex dealers said weakening of the dollar against other currencies overseas, following disappointing economic data and a higher opening in the domestic equity market, supported the rupee. Also Read - Terrible Thursday: Sensex Sinks Over 3,150 Points; Nifty Below 9,500 in Biggest Crash Ever
Besides, easing of global crude oil prices was another positive factor, they said. The domestic currency had lost two paise to close at 60.14 against the dollar in Thursday’s trade amid weak local equities and demand for the US currency from importers.
Meanwhile, the 30-share BSE Sensex recovered by 83.41 points, or 0.33 per cent, to 25,146.08 in early trade on Friday.