Rupee recovers 8 paise against dollar at 55.43

The rupee recovered by 8 paise to 55.43 against the American currency in early trade on Monday, snapping a four-session losing streak, at the Interbank Foreign Exchange on dollar selling by exporters and some banks.

The rupee recovered by 8 paise to 55.43 against the American currency in early trade on Monday, snapping a four-session losing streak, at the Interbank Foreign Exchange on dollar selling by exporters and some banks.

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Besides, a higher euro against the American unit on improved German business confidence data and hopes for a key aid payment to debt-wracked Greece, a higher opening in the domestic equity market supported the rupee, forex dealers said.

Meanwhile, the BSE benchmark index Sensex recovered by 76.08 points, or 0.41%, to 18,582.65.

The rupee had tumbled by 30 paise to close at two-and-a-half-month low of 55.51 against the dollar in the previous session on Friday on sustained demand for the dollar from importers and banks.