Mumbai, India (BBN)-Indian rupee edged higher by three paise to 66.46 against the US dollar in early trade Wednesday at the Interbank Foreign Exchange on continued selling of the American currency by exporters and banks.
Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic stock markets and the dollar’s weakness against other currencies overseas, supported the rupee, reports the PTI.
The rupee had closed with a gain of 18 paise against the US dollar at 66.49 in the previous session due to persistent selling of dollar by banks and exporters after RBI kept its key policy rates unchanged.
Meanwhile, the benchmark BSE Sensex rose by 87.01 points, or 0.33 per cent, at 26,256.42 in early trade.