Rupee recovers to 40.76/77 against dollar

In fairly active trade at the Interbank Foreign Exchange (forex) market, the local currency resumed at 40.76/77 a dollar from Wednesday's close of 40.86/87 a dollar and ruled steady at 40.7750/7850 per dollar in late morning deals.

The sentiment was also boosted by the absence of month- end dollar demand by oil companies, forex dealers said.

The benchmark Sensex spurted by 155 points this morning after reacting negatively to weak global markets on Wednesday.

In overseas markets, the dollar finished higher against the euro and was largely steady against the yen on Wednesday. - DDNews India