Rupee recovers by 15 paisa against dollar in early trade

Mumbai, Nov 20 (PTI) The Indian rupee recovered smartly
by 15 paisa to 46.53/54 against the greenback in early trade
Friday on exporters dollar sales amid subdued local stocks.

The domestic currency resumed weaker at 46.74/75 a dollar
against its last close of 46.68/69 a dollar but later bounced
to 46.53/54 a dollar in late morning deals.
Dealers at the Interbank Foreign Exchange (forex) market
said the rupee recovered its early losses and even advanced
further as exporters sold dollars in early trade.
The local currency drew support from absence of any
month-end dollar demand from oil refiners.
Dollar, however, strengthened further in Asian markets
this morning.
Indian benchmark Sensex was trading 37 points lower at
1026 hours while Asian markets were subdued this morning. PTI
JCG
MYR


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