Mumbai, India (BBN)-Indian rupee was trading strong at 68.07 in late morning deals on Monday increased selling of the American currency by exporters.
According to forex dealers, the dollar’s weakness against some currencies overseas and a firm domestic equity market supported the rupee, reports PTI.
The domestic unit opened strong at 68.02 against the previous close of 68.18 at the Interbank Foreign Exchange market today.
It hovered in a range of 68.10 and 68.01 before quoting at 68.07, up 11 paisa at 11.10am local time.
Meanwhile, the benchmark BSE Sensex was trading higher by 104.13 points or 0.39 per cent at 27,138.63.