Rupee up 4 paise to 60.52 against dollar in early trade

Mumbai: The rupee recovered by four paise to 60.52 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

The local currency had lost 9 paise to close at 60.56 per dollar yesterday following late profit booking in local equities and fresh dollar demand from oil importers.

Forex dealers said besides selling of the US currency by exporters, dollar's weakness against other Asian currencies overseas also supported the rupee but a lower opening of the domestic equity market capped the gains.

Meanwhile, the benchmark BSE Sensex fell by 105.19 points, or 0.39 percent, to 26,331.83 in early trade today.