Rupee gains 4 paise against dollar to 67.29
Forex dealers said weakness in the dollar against other currencies overseas supported the rupee
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The rupee firmed up by 4 paise to 67.29 against the dollar in early trade today on increased 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, a higher opening in the domestic equity market gave the uptrend some momentum, they added.
On Wednesday, the domestic unit rebounded from its 2-1/2 month low with an impressive 42-paise gain to close at 67.33 - its sharpest single-day jump in over two months.
Meanwhile, the benchmark BSE Sensex rose 187.44 points, or 0.72%, to 26,068.61, in early session today.
Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.
Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.
On Wednesday, the domestic unit rebounded from its 2-1/2 month low with an impressive 42-paise gain to close at 67.33 - its sharpest single-day jump in over two months.
Meanwhile, the benchmark BSE Sensex rose 187.44 points, or 0.72%, to 26,068.61, in early session today.
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First Published: May 26 2016 | 9:48 AM IST