The rupee on Tuesday rose by 11 paise to 56.90 against the U.S. dollar in early trade at the Interbank Foreign Exchange market as the American currency weakened against euro and other currencies overseas.Besides, a higher opening in the domestic equity market also supported the rupee, dealers said.
The domestic currency had ended 14 paise higher at Rs 57.01 after touching a fresh record low of Rs 57.92 against the dollar in yesterday’s highly volatile trade following RBI’s measures to stem the currency slide.
Meanwhile, the BSE benchmark index Sensex recovered by 26.38 points, or 0.15 per cent, to 16,908.54.
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