Rupee gains 35 paise in early trade at 60.37

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Rupee gains 35 paise in early trade at 60.37
The rupee recovered marginal ground in trade on strong global equity markets, which rallied on weaker then expected GDP data which raised the hopes of the Fed continuing with its easing stance.

The rupee was last trading at 60.37 against the dollar, still down 35 paise over Tuesday's close. Dealers say that today's rally in equity markets provided some relief to the rupee, though they believe that the rupee would continue to be under pressure.

Other Asian currencies have also recovered in line with the Indian rupee. On Wednesday the Indian currency was one of the worst performing in Asia.

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