Rupee up 12 paise against dollar in early trade on Thursday

The rupee recovered by 12 paise to 60.01 against the dollar at the Interbank Foreign Exchange market on Thursday on fresh selling of the US currency by exporters.

Forex dealers said a higher opening in the domestic equity market and strengthening of the euro against the US currency overseas also supported the rupee.

The rupee closed 2 paise lower at 60.13 on Wednesday as a sudden demand for the US currency emerged at fag-end of trade.

Meanwhile, the benchmark BSE Sensex rose by 88.71 points, or 0.40%, to 22,412.61 in early trade on Thursday.