Mumbai, India (BBN) – Looking good for the seventh session, the Indian rupee advanced another 5 paisa to 67.42 against the US dollar in early trade Thursday as there was no let—up in selling of the American currency by exporters and banks.
The dollar turned weak globally, which supported the rupee upmove, reports PTI.
But this was offset by fresh losses in domestic equities, dealers said.
Yesterday, the local currency ended at 1—1/2 month high of 67.47 by rising 40 paisa, its biggest single—day gain this year, on the back of frantic dollar offloading amid expectations of a Fed rate hike delay.