Mumbai | Volatility in rupee continued as it pared early gains to rule almost flat, marginally up by one paise to 67.08, in late Tuesday morning deals on demand from banks and exporters amid heightened uncertainties of US rate hike.
Earlier, the domestic unit opened higher at 67.03 against yesterday’s 27-month low of 67.09 at the Interbank Foreign Exchange Market. It appreciated further on dollar selling from banks to scale-back to 66.96 before quoting at 67.08 at 1030 hrs. The rupee hovered between 67.09 and 66.96 during morning trade.
Overseas, the US dollar was little changed against the basket currencies in early trade, as crude oil and equity prices took a breather after a recent slide.