Rupee recoups 17 paise in early trade

Mumbai: The rupee recovered 17 paise at 63.96 against the dollar in early trade on August 3, snapping its two-day losing run, on fresh selling of the US currency by exporters amid fall in global crude prices.

Forex dealers said a weakening dollar against some currencies overseas and early gains in domestic equity markets supported the rupee.

The rupee had shed 9 paise to end at 64.13 against the US dollar on Friday on sustained demand for the American currency from banks and importers. The benchmark BSE Sensex rose 86.92 points, or 0.30 per cent, to 28,201.48 in early trade.