The Indian rupee recovered by two paise to Rs 60.08 against US dollar in Monday morning deals following bouts of dollar selling by banks and exporters.
According to the Press Trust of India (PTI), the rupee resumed lower at Rs 60.12 per dollar at the Interbank Foreign Exchange (Forex) from its last Friday’s closing level of Rs 60.10 per dollar.
It gained later and was quoting at 60.08 per dollar at 1020 hours. The domestic unit moved in a range of 60.