Rupee strengthens 38 paise against US dollar

Continuing its recovery, the rupee strengthened 38 paise to 73.74 against the US dollar in early trade today in the forex market after global crude prices eased. The rupee after hitting a record low of 74.50 yesterday recovered 9 paise to end at 74.12 against the dollar.

The BSE benchmark Sensex rebounded 377 points to 34,378 in opening trade. Meanwhile, Brent crude fell 3 per cent to trade at 80.37 a barrel in the global market.

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