Mumbai, India (BBN) – The rupee ended strong at 67.90 on increased selling of the US currency by exporters and banks amid a firm domestic equity market.
Forex dealers attributed the dollar’s weakness against other currencies to investors viewing the recent spurt of the greenback as unsubstantiated which supported the rupee, reports The Hindu Business Line.
A firm domestic equity market also influenced the rupee uptrend, they added.
The rupee strengthened by 11 paise to 68.10 against the dollar in early trade at the Interbank Foreign Exchange market today.
It hovered in a range of 68.12 and 67.86 before ending at 67.90, up 31 paise.
Yesterday, the rupee had settled almost flat with negative bias at 68.21 against the US currency in restricted trade.
Meanwhile, the 30-share BSE index Sensex ended higher by 43.66 points or 0.17 per cent at 26,392.76.