Rupee gains 4 paise in early trade

Friday, Mar 10, 2017,9:46 IST By joji A A A

Mumbai | The rupee gained 4 paise to 66.67 against the dollar in early trade today at the Forex market on increased selling of the US currency by exporters and banks amidst higher opening in the domestic equity market.

Forex dealers said that besides selling of the American currency by exporters and banks, weakness of the dollar against other currencies overseas also supported the rupee.

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

Yesterday, the rupee closed flat at 66.71 against the dollar as cautious traders avoided taking any position ahead of the exit polls outcome and concerns over an impending Fed rate hike next week.

Meanwhile, the benchmark BSE Sensex rose by 146.50 points, or 0.50 per cent, at 29,076.63 in early trade today.