Mumbai, India (BBN) – Rising for the fifth straight day, the rupee advanced by another 11 paisa to 67.84 against the dollar in early trade Tuesday on increased selling of the US currency by banks and exporters.
Forex dealers said the dollar’s weakness against other currencies overseas supported the rupee but a weak domestic equity market capped the gains, reports PTI.
Yesterday, the rupee had appreciated by 8 paisa to hit its two-week high of 67.95 on sustained unwinding of American currency by exporters and banks.
Meanwhile, the benchmark BSE Sensex fell by 98.02 points, or 0.35 per cent, to 27,751.54 in early trade.