The rupee recovered from initial losses against the US currency and was quoted higher by four paise at 62.63 on fresh selling of dollars by banks and exporters due to weakness of the Greenback in overseas markets.
The rupee resumed lower at 62.80 as against yesterday’s closing level of 62.67 on initial dollar demand from banks.
However, it recovered from initial losses and firmed up to 62.61 on fresh selling of dollars by exporters before quoting at 62.
–PTI