Mumbai, June 20: The rupee recovered from its near 1-month low to trade 32 paise higher at 68.06 against the US dollar in early session today on fresh selling of the American currency by banks and exporters. Forex dealers said selling of the greenback by banks and exporters supported the rupee but the dollar's strength against other currencies overseas capped the gains.

Further, investor sentiment turned positive following the higher opening of the domestic equity market, they added. Yesterday, the rupee had nosedived 39 paise to end at a near one-month low of 68.38 against the US dollar as escalating trade threats between the US and China dented sentiment. Meanwhile, the benchmark BSE Sensex was trading 130.41 points, or 0.37 per cent, higher at 35,417.15 in opening trade today.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)