India, Nov. 21 -- The rupee recovered from early losses to trade 5 paise higher at 88.63 against the US dollar on Friday, supported by softer global crude prices and fresh foreign inflows into domestic equities.
Despite the uptick, the local currency remained under pressure due to a stronger dollar and weak sentiment in domestic markets, according to forex traders.
At the interbank foreign exchange market, the rupee opened at 88.67 and firmed slightly to 88.63 in initial trades, compared with its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....