Rupee up for sixth straight session, gains 12 paise against dollar
Persistent selling of the dollar with increased foreign fund inflows, supported the Indian currency in early trade.
Staying on the upward trajectory for the sixth straight day, the rupee gained another 12 paise to trade at 67.22 against the US dollar in early trade at the Interbank Foreign Exchange Market on persistent selling of the greenback in view of increased foreign fund inflows.
Forex dealers said a strong opening in the domestic equity market gave the rupee a big support, but the dollar's strength against other currencies overseas limited the gains.
The rupee rose for the fifth straight session on Thursday to close at a fresh seven-month high of 67.34, appreciating by another 20 paise on sustained selling of dollars by banks and exporters amid a strong rally in domestic equities.
Meanwhile, the benchmark BSE Sensex rose further by 112.06 points, or 0.45%, to 24,719.05 in early trade.