The rupee recovered to 55.56 against the dollar in the afternoon trade on mild dollar selling by banks and exporters. The domestic unit opened weak at 55.63 against the dollar on Friday against the previous close of 55.59.
The rupee recovered from a more than 8-1/2 month low on Thursday as exporters took advantage of the spike in dollar to sell the greenback.
Also,concerns about a potential pull-back in the US monetary fiscal stimulus programme shifted investors towards the dollar.
The intra-day range for the rupee is expected at 55.30–55.90 levels.
The interbank call money rates opened flat at 7.30 per cent.
The 8.15 per cent government security (G-Sec), which matures in 2022, opened at Rs 105.11 from the previous close of Rs 105. Yields declined to 7.36 per cent from 7.38 per cent.
