Rupee recovers by 8 paise against U.S. dollar
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Rupee recovered by 8 paise to 66.38 against the U.S. dollar at the Interbank Foreign Exchange in early trade on Wednesday.
A higher opening in the domestic equity market supported the rupee, dealers said.
The rupee had dropped by 25 paise to end at 66.46 in Tuesday’s trade, snapping its nearly two-week winning spree on fresh demand for the dollar from banks and importers amid sharp fall in equity.
Meanwhile, the Sensex regained the crucial 25,000-mark by rising 117.06 or 0.47 per cent to trade at 25,000.65 in early deals.
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Ten Indian nationals, living illegally in the US, have been indicted by a federal grand jury in Boston for conspiring to carry out staged armed robberies at convenience stores for the purpose of visa fraud.
The individuals were previously charged by a criminal complaint in March.
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India is set to witness a gradual rise in temperatures over the coming days, even as parts of the northeast and eastern regions continue to receive rainfall accompanied by thunderstorms and gusty winds, according to the latest weather bulletin.
The India Meteorological Department (IMD) said maximum temperatures are likely to increase by 6 to 8 degrees Celsius over northwest India between April 11 and 16.
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