Mumbai, India (BBN) – Indian rupee was trading strong at 66.95 against the US dollar due to fresh dollar selling by banks and exporters amid a firm domestic equity market.
According to forex dealers, the greenback’s gains against other currencies overseas put pressure on the rupee, reports The Hindu Business Line quoting PTI.
The domestic unit opened weak at 67.03 at the Interbank Foreign Exchange market today.
It hovered in a range of 67.04 and 66.93 before quoting at 66.95, up 6 paisa at 2.50 pm local time.
On Friday, the rupee had gained 6 paisa to end at 67.01 due to fag-end dollar selling by banks and exporters in view of weakness in the greenback overseas amid persistent rise in equities.
Meanwhile, the benchmark BSE Sensex was trading up by144.21 points or 0.51 per cent at 28,612.96.