Mumbai, India (BBN)-The rupee gained 19 paisa to 67.44 against the dollar in early trade today due to sustained selling of the US currency by exporters and banks, a higher opening in the domestic equity market and foreign fund inflows.
This was the third consecutive day of rise for the domestic currency, reports The Hindu Business Line.
Forex dealers said dollar’s weakness against other currencies overseas supported the rupee. A higher opening in the domestic equity market gave the uptrend some momentum, they added.
Yesterday, the domestic unit gained 27 paise to end at over three-week high of 67.63 even as the Reserve Bank unexpectedly left policy rates unchanged.
Meanwhile, the benchmark BSE Sensex rose 285.05 points or 1.09 per cent to 26,521.92 in early session.