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Rupee recovers

MUMBAI: In two-way movement, the rupee recovered its losses and ended slightly higher at 40.83/84 on Tuesday against the U.S currency on fresh dollar selling amid weak dollar overseas.

In a volatile trade at the interbank foreign exchange market, the Indian unit opened moderately higher at 40.85/87 a dollar from Monday's close of 40.87/89 a dollar.

It improved further to 40.73on lack of any intervention by the central bank.

It fell back to a low of 40.88 a dollar before ending at 40.83/84.

PTI

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