Rupee up 18 paise against dollar in early trade

The rupee recovered by 18 paise to trade at 60.12 against the US dollar in early trade on Friday on selling of the American currency by banks and exporters amid sustained foreign capital inflows.

Besides, a higher opening in the domestic equity market and strengthening of other currencies against the dollar overseas also supported the rupee, forex dealers said.

The rupee had dropped 17 paise to close at 60.31 against the dollar in yesterday's trade.

Meanwhile, the benchmark BSE Sensex climbed to a new record-high by surging 146.07 points, or 0.66 per cent, to 22,360.44 in early trade today.