The rupee recovered by seven paise to 62.86 against the dollar in early trade on Friday at the Interbank Foreign Exchange market on selling of the U.S. currency by exporters.
Besides, a higher opening in the domestic equity market supported the rupee but weakening euro and yen against the American currency, capped the gains, Forex dealers said.
The rupee had lost 36 paise to close at 62.93 against the dollar on Thursday as indications of an imminent tapering by the Federal Reserve strengthened the U.S. currency.
Meanwhile, the BSE benchmark Sensex rose by 108.91 points, or 0.54 per cent, to 20,337.96.
Courtesy: TH