Mumbai: The rupee firmed up 16 paise to 66.86 against the dollar in early trade today on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.
Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.
Further, foreign fund inflows and a higher opening in the domestic equity market gave the uptrend some momentum, they added.
Yesterday, the domestic unit ended below the psychological 67-mark, falling 13 paise to hit over two-week low of 67.02.
Meanwhile, the benchmark BSE Sensex rose 258.59 points or 0.91 per cent to 28,671.48 in early session today.
Arjun Kapoor clocks 11 mn followers on Instagram
‘Lata Mangeshkar’s condition critical, slowly improving’
Lata Mangeshkar admitted to hospital
Ajay Devgn’s ‘Maidaan’ to hit theatres on November 27, 2020
Faith leaders instrumental in developing sustainable health policies: Dr Sushil
© 2017 State Times Daily Newspaper