India, Oct. 31 -- The rupee recovered slightly, trading 5 paise higher at 88.64 against the US dollar in early trade on Friday, supported by lower crude oil prices and a weaker American currency.
Forex traders noted that foreign fund outflows and selling pressure in domestic equities capped further appreciation in the local unit.
At the interbank foreign exchange market, the rupee opened at 88.60, touched a high of 88.59, and was last seen trading at 88.64 against the greenback, up 5 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....