Rupee rebounds 8 paise in opening trade

A higher opening of domestic equities too lifted the domestic currency, dealers said.

Yesterday, the rupee had lost 36 paise to hit a fresh 13-month low of 66.48 against the US dollar as rising crude prices and sustained foreign fund outflows led to subdued  forex market sentiment.

In global trade, the US dollar had strengthened against major world currencies overseas, while investors maintained  focus on the US Treasury market, where the 10-year yields were near with 3 per cent.

Meanwhile, the benchmark BSE Sensex recovered 147.25 points, or 0.42 per cent, to 34,598.02 points in early trade today.