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Rupee gains 11 paise against dollar in early trade

On Monday, the domestic unit ended higher by 4 paise against the dollar at 66.61.

By: PTI | Mumbai |
September 27, 2016 10:34:28 am
rupee, rupee value, rupee india, rupee depreciation, rupee value, rupee market value, Rupee, US Dollar, sensex, market, BSE, Forex, macro economics, currency value, Rupee value, foreign exchange market, economy, business and finance, business news Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. (Representational Image)

The rupee firmed up by 11 paise to 66.50 against the dollar in early trade on Tuesday, maintaining its upward trend for the fourth straight day on sustained selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. A higher opening in the domestic equity market gave the uptrend some momentum, they added.

On Monday, the domestic unit ended higher by 4 paise against the dollar at 66.61.

Meanwhile, the benchmark BSE Sensex rose 138.46 points, or 0.48 per cent, to 28,432.74 in early session on Tuesday.

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