Mumbai: The rupee recovered 19 paise to 67.25 against the dollar in early trade on May 23 on increased selling of the US currency by exporters and banks amid a higher opening in the domestic stock market.
Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. Further, a higher opening in the domestic equity market added to the upside.
On Friday, the rupee had lost 8 paise to close at 2-1/2 month low of 67.44 a dollar, falling for the seventh straight session, on persistent demand for the US currency from banks and importers amid higher crude oil prices and a fall in domestic stocks.
Meanwhile, the benchmark BSE Sensex recovered by 217.36 points, or 0.85 per cent, at 25,519.26 in early session on May 23.
