<p>The rupee recovered by 12 paise to 61.74 against the US dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters.<br /><br /></p>.<p>Forex dealers said the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee.<br /><br />The rupee had lost 45 paise against the dollar yesterday, its worst single-session drop in nearly seven weeks, to end at 61.86 on month-end dollar demand from importers and banks amid speculation that the US Federal Reserve is considering raising interest rates later this year.<br /><br />The benchmark BSE Sensex rose 162.39 points, or 0.54 per cent, to hit yet another record-high of 29,844.16 in early trade today.</p>
<p>The rupee recovered by 12 paise to 61.74 against the US dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters.<br /><br /></p>.<p>Forex dealers said the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee.<br /><br />The rupee had lost 45 paise against the dollar yesterday, its worst single-session drop in nearly seven weeks, to end at 61.86 on month-end dollar demand from importers and banks amid speculation that the US Federal Reserve is considering raising interest rates later this year.<br /><br />The benchmark BSE Sensex rose 162.39 points, or 0.54 per cent, to hit yet another record-high of 29,844.16 in early trade today.</p>