(Reuters) - The rupee recouped early losses and was stronger in afternoon trades on Monday as the local share market pulled back from its lows and dollar inflows aided.
* At 2:28 p.m. (0858 GMT), the rupee was at 52.5950/6000 to the dollar, stronger than Friday's close of 52.7150/7250. The unit had dipped to 52.87 in early trade.
* Traders said strong interest from foreign funds looking to invest in Indian debt prompted dollar flows which aided the rupee.
* Foreign funds have to use up the limits to buy government debt by mid-January, which will otherwise expire.
* The BSE Sensex was down 0.4 percent after falling as much as 1 percent.
(Reporting by Shamik Paul; Editing by Subhadip Sircar)
