Mumbai, May 16 -- The rupee on Friday recovered 16 paise at 85.37 in the opening session on the selling of US dollars by bankers and exporters at the Forex market.
The local unit regained against the weak dollar against other world currencies; however, the weak opening stock market restricted further gains, the dealer was informed.
The rupee recorded intraday highs and lows at 85.33 and 85.42, respectively, the dealer added.
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