Rupee up 7 paise against dollar in early trade

Monday, Dec 7, 2015,10:02 IST By metrovaartha A A A

Mumbai | The rupee was trading higher by 7 paise at 66.62 against the US dollar in early trade on fresh selling of the American currency by exporters and banks. Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar’s strength against other currencies overseas on upbeat US jobs report capped gains.

The rupee had shed 4 paise to close at a one-week low of 66.69 per dollar on Friday’s trade after touching more than two-year low of 67.01 during intra-day.

Meanwhile, the benchmark BSE Sensex recovered by 147.42 points, or 0.55 per cent, to 25,785.53 in early trade.