Rupee firms up 16 paise against dollar

The rupee appreciated 16 paise to 63.92 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday on fresh selling of the American currency by exporters and banks.

The rupee appreciated 16 paise to 63.92 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday on fresh selling of the American currency by exporters and banks.

Rupee

Besides, strengthening of the euro against the dollar in overseas market on solid German data supported the rupee, but a lower opening in the domestic equity market limited the gains, forex dealers said.

The rupee had fell by 33 paise to end at a 4-week low of 64.08 against the American currency on Monday's trade on the back of a firm greenback in the overseas market and sharp fall in the equity market.The benchmark BSE Sensex fell 76.59 points, or 0.28 %, to 26,446.50 in early trade on Tuesday.