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The rupee snapped its two-day losing streak by firming up 14 paise to close at 62.37 a dollar on fresh selling by banks and exporters on the back of a lower dollar in the foreign markets.
It opened sharply higher at 62.38 a dollar against the previous closing level of 62.51 at the interbank foreign exchange market and firmed up further to close at 62.37, showing a gain of 14 paise.
It hovered in a range of 62.36 and 62.44 during the day. Good capital inflows and lower dollar overseas mainly boosted the rupee value, a dealer said.
Foreign portfolio investors bought shares worth Rs 417.01 crore on Monday, according to provisional data.
On the global front, in New York the dollar snapped its six-straight session gains against the basket of currencies.
In early trade, after retail sales data failed to meet market expectations.
The dollar index, a gauge of six major global rivals, was up by 0.40 per cent today.
However, the dollar was up against the yen in Asian trade today, with dip buying sup
