Rupee recovers 17 paise against US dollar | business news | Hindustan Times
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Rupee recovers 17 paise against US dollar

On Thursday, the rupee had plunged by 28 paise to end at a new three-month low of 65.04 against the US dollar even as importers actively covered unhedged positions amid fears over Fed rate hike.

business Updated: Feb 23, 2018 10:38 IST
Press Trust of India
Press Trust of India
Press Trust of India, Mumbai
Rupee,rupee versus dollar,US dollar
Currency traders said strength in the US dollar against major global currencies, however, capped the gains in the domestic unit.(Reuters)

The rupee recovered 17 paise to 64.87 against the dollar in early trade on Friday, on mild selling of the greenback by exporters and a higher opening in the domestic equity market.

Currency traders said strength in the US dollar against major global currencies, however, capped the gains in the domestic unit.

On Thursday, the rupee had plunged by 28 paise to end at a new three-month low of 65.04 against the US dollar even as importers actively covered unhedged positions amid fears over Fed rate hike.

Meanwhile, the benchmark BSE Sensex recovered 107.09 points, or 0.31%, to 33,926.59 in early trade on Friday.

First Published: Feb 23, 2018 10:35 IST