Rupee gains 4 paise to 63.77 against USD.

Snapping its three-day falling streak, the rupee recovered 4 paise to 63.77 against the US dollar in early trade Monday on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.

Selling of the American currency by exporters and banks supported the rupee, but dollar's strength against other currencies overseas capped the gains, dealers said.

Besides, a higher opening in domestic equity market helped the rupee, they added.

The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand for the American currency from banks and importers.

Meanwhile, the benchmark BSE Sensex recovered by 62.59 points, or 0.22 percent, to trade at 28,298.98 in early trade. 

Jaiprakash Associates' stock plunges 7% as Q1 loss widens.

 Shares of infrastructure major Jaiprakash Associates slumped nearly 7 percent Monday as the company's standalone net loss widened to Rs 465 crore in the April-June quarter of 2015-16 fiscal.

The stock plunged 6.63 percent to Rs 11.12 at the BSE.

On NSE, it tumbled 6.72 per cent to Rs 11.10.

Jaiprakash Associates' standalone net loss widened to Rs 465 crore in the April-June quarter of the current fiscal from Rs 80.61 crore in the corresponding quarter of the previous year.

Total income from operations of the company also declined to Rs 2,392.75 crore in the June quarter from Rs 3,030.40 crore in the year-ago period, the company had said in a filing to the BSE on Saturday.