Mumbai, India (BBN)-Indian rupee firmed up by 12 paisa to 68.21 against the US dollar at the Interbank Foreign Exchange market Wednesday as dollar selling by exporters and banks intensified.
Dealers said fresh selling of the American unit and the dollar’s weakness against other currencies overseas, barring yen, boosted the rupee sentiment, reports PTI.
Further, a firm domestic equity market supported the uptrend, they added.
Yesterday, the rupee had lost 11 paisa to close at a fresh one-month low of 68.33 against the American currency on heavy dollar demand from corporates and importers.
Meanwhile, the benchmark BSE Sensex climbed 58.55 points or 0.21 per cent to 26,701.79 in early trade.
BBN/SK/AD