New Delhi: The Indian Rupee on Friday recovered early losses and surged by 29 paise at 73.32 against the US dollar amid a weakening greenback. Traders said the selling of the US currency by exporters, relative stability in global oil prices and foreign fund inflows were the other factors that strengthened the domestic unit.
At the Interbank Foreign Exchange (Forex), the rupee opened at a lower of 73.62, but soon recovered 31 paise to touch a high of 73.31 due to the increased selling of dollar by exporters and banks. The domestic unit settled the day up by 29 paise at 73.32 against the US dollar.
The rupee settled 13 paise lower at 73.61 against the US dollar on Wednesday. The Forex market was shut on Thursday for Dussehra.
Meanwhile, Market benchmark BSE Sensex plunged by 464 points or 1.33% to close at 34,315.63 points due to losses in major firms like Reliance Industries, HDFC and Infosys.
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Ms Kalinga