Mumbai, India (BBN) – Indian rupee rose 9 paisa to end at 67.22 against the US dollar following sustained bouts of dollar selling by banks and exporters on the back of firm domestic equity market.
67.2100 67.2350 67.1400 67.2200
The rupee opened higher by 10 paisa at 67.21 as against Friday’s closing level of 67.31 per dollar at the Interbank Foreign Exchange (Forex) Market, reports The Hindu Business Line quoting PTI.
The domestic unit hovered between 67.23 and 67.14 per dollar in intra-day deals.
Overseas, the dollar started the week on the back foot after US data showed a smaller—than—expected rise in wages in January that reinforced expectations the Federal Reserve will refrain from raising interest rates next month.