Mumbai, India (BBN)-Indian rupee advanced by four paise to 67.74 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on increased selling of the American currency by exporters and banks.
Forex dealers said besides fresh foreign capital inflows, a higher opening in the domestic equity markets and dollar’s weakness against other currencies overseas supported the domestic unit, reports the PTI.
On Friday, the rupee had recovered by 45 paise to close at 67.78 per dollar on fresh selling of the American currency by banks and exporters in view of sharp recovery in equities.
Meanwhile, the benchmark BSE Sensex regained the crucial 25,000-mark by rising 131.63 points, or 0.52 per cent to 25,002.32 in early trade.