The Indian rupee recovered in early trades today, 3 January 2017 on fresh selling of the US currency by banks and exporters. Further, dollar's weak spot against other foreign currencies and a higher opening in the domestic equity market supported the rupee.
The domestic currency opened at Rs 68.11 against the US dollar and marked an intraday high of Rs. 68.13 and a low of 68.05 during the day. In the spot currency market, the Indian unit was last traded at 68.07. On 2 January, the domestic currency had lost 30 paise to 68.22 against the US dollar due to a massive demand for the American currency.
In the meantime, January rupee futures have gained 14 paise at 68.23/ dollar. On the national Stock Exchange (NSE), the counter has witnessed trades of around 1,82,689 contracts, while the open interest has increased 0.4% .
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