Rupee gains 9 paise against dollar in early trade

Unicode U+20B9 ₹ indian rupee sign (Photo credit: Wikipedia)MUMBAI: The rupee recovered marginally by 9 paise at 55.83 against the US dollar in early trade on Tuesday on the Interbank Foreign Exchange market on dollar selling by banks and exporters. 

Forex dealers said a higher opening in the stock market also helped the local unit to recover after four sessions of losses. However, strong dollar overseas against euro on disappointing US jobs growth figures capped rupee's gains. 

The rupee had lost a hefty 50 paise to close at 55.92 against the dollar yesterday's on persistent dollar demand. 

Edited By Cen Fox Post Team

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Posted in: 10th JULY 2012