Rupee extend gains, inches up by 6 paise

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Extending its earlier gains, the rupee edged higher by another 6 paise to trade at 66.98 against the dollar in early trade on sustained selling of the American currency by exporters.

Besides, persistent foreign capital inflows and weakness of the dollar against other currencies overseas boosted the rupee value against the dollar, but a lower opening in the domestic equity market capped the gains, forex dealers said.

The rupee had gained 10 paise to close at 67.04 per dollar on Thursday on persistent selling of the American currency by banks and exporters in view of sustained foreign capital inflows into domestic equities.

Meanwhile, the benchmark BSE Sensex was quoting lower by 76.06 points, or 0.26 per cent, to 28,132.56 in early trade.