The rupee recovered by 12 paise to 60.01 against the dollar at the Interbank Foreign Exchange market today 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 yesterday 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 per cent, to 22,412.61 in early trade today.PTI