The rupee recovered by 7 paise to 65.24 against the US dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the American currency by exporters.
Besides, a higher opening in the domestic equity market and weakness in dollar against other currencies supported the rupee, forex dealers said.
The rupee had lost 38 paise to close at over three-week low of 65.31 against the US dollar yesterday on month-end demand for the American currency from importers and some banks in view of firm greenback overseas.
Meanwhile, the benchmark BSE Sensex recovered by 54.31 points or 0.20 per cent to 26,892.45 in early trade.
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