The Indian rupee recovered from early losses and gained 31 paise to close at a one-month high of 62.05 against the US dollar today on fresh selling by exporters and banks, amid foreign capital inflows into local stocks. The Indian rupee opened lower at 62.40 per Us dollar against the previous close of 62.36 at the interbank foreign exchange market and dropped further to 62.55 on US dollar demand from banks and importers. It recovered to 62.04 per dollar before ending at 62.05, a gain of 31 paise...