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Rupee up 12 paise against dollar in early trade

Mumbai (PTI): The rupee recovered by 12 paise to 60.01 against the dollar at the Interbank Foreign Exchange market today on fresh selling of the US currency by exporters.

Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the US currency overseas also supported the rupee.

The rupee closed 2 paise lower at 60.13 yesterday as a sudden demand for the US currency emerged at fag-end of trade.

Meanwhile, the benchmark BSE Sensex rose by 88.71 points, or 0.40 per cent, to 22,412.61 in early trade today.

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