Rupee Recovers 5 Paise Against Dollar in Early Trade

Published: 05th March 2015 09:55 AM  |   Last Updated: 05th March 2015 09:55 AM   |  A+A-


MUMBAI: Snapping its four-day falling streak, the rupee today recovered by 5 paise to 62.20 against the US dollar in early trade at the Interbank Foreign Exchange market on back of selling of the American currency by exporters.        

According to Forex dealers, a higher opening in the domestic equity market and weakening dollar against other overseas currencies, strengthened the rupee.     

The rupee had lost 33 paise to close at 62.25 against the dollar yesterday amid RBI Governor Raghuram Rajan's comment that an "excessively strong rupee" is undesirable as it triggers disinflationary pressures.               

The benchmark BSE Sensex rose by 111.44 points, or 0.37 per cent, to 29,492.17 in early trade today.

Stay up to date on all the latest Business news


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp