The Rupee Recovered From 14 Month Low To Trade Higher By 11 Paise

The rupee recovered from 14-month low to trade higher by 11 paise at 66.79 against the US dollar on fresh selling of the dollar by exporters and banks amidst higher opening in domestic equity market.

Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

The rupee opened higher by 2 paise at 66.88 against the US dollar at the Interbank Foreign Exchange market.

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