Rupee climbs 26 paise against dollar

Exporters and banks stepped up selling of the American currency, helping the rupee

Rupee traded higher by 26 paise at 67.11 against the US dollar today as exporters and banks stepped up selling of the American currency.

Forex dealers said a strong opening in domestic equity markets beefed up the rupee, but dollar's strength against other currencies overseas following bigger-than-expected jump in US job creation capped rupee's gains.

The rupee had gained 2 paise to close at 67.37 on Friday after fresh selling of the greenback amid volatile domestic equities.

Meanwhile, the Sensex soared 404.46 points, or 1.49%, to 27,531.36 in early trade.