Rupee up for second day, gains 9 paise against dollar


Hitting a high note for the second straight day, the rupee strengthened by 9 paise to 66.96 against the US dollar at the inter-bank forex market following sustained selling of the American currency by banks and exporters.

That apart, dealers said, the rupee derived its strength from strong foreign capital inflows and a higher opening in domestic equities.

Dollar’s weakness against other currencies in the global market made the local unit stronger, they added.

Sponsored by Revcontent
Trending Now

The rupee had recovered 13 paise to close at a one-month high of 67.05 on Wednesday.

Meanwhile, the benchmark BSE Sensex rose 50.93 points, or 0.18%, to 27,866.11 in early trade.