Rupee down 20 paise against dollar in early trade

Rupee is trading at 67.55 against the U.S dollar in early trade

Mumbai

: Reversing its nine-day losing trend, the rupee on May 25 recovered 20 paise to 67.55 against the U.S dollar in early trade on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic stock markets.

Forex dealers said weakness in the dollar against other currencies overseas also supported the rupee. On May 24, the rupee had lost 26 paise, or 0.39 per cent, to end at a fresh 2-1/2 month low of 67.75 on sustained demand for the American currency.

Meanwhile, the benchmark BSE Sensex surged by 304.86 points, or 1.20 per cent, at 25,610.33 in early session today.