Rupee recovers 5 paise against dollar in early trade

Mumbai: The rupee recovered by 5 paise to 63.46 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the  American currency by exporters amid increased foreign capital  inflows. Forex dealers said a higher opening in the domestic equity market also supported the rupee. Dollar's gains against some  currencies overseas, however, capped the rise. 

The rupee had lost 10 paise against the dollar yesterday  on persistent demand for the American currency from banks and  importers in line with higher greenback overseas.  The benchmark BSE Sensex climbed 130.20 points, or 0.45  per cent, to 28,576.32 in early trade today.