Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar’s weakness against rivals overseas supported the rupee.
Yesterday, the rupee recovered marginally by 2 paise to close at Rs 61.94 on suspected selling of the US currency by state-run banks on behalf of the RBI and mild recovery in stocks. It had plunged to a nine-month low of 62.25 against the dollar.
Meanwhile, the benchmark BSE Sensex rose by 60.62 points, or 0.21 per cent, to 28,128.18 points in early trade today.
PTI SUN KPS