Rupee up 6 paise against dollar in early trade
Mumbai: The rupee edged higher by 6 paise to 67.78 against the dollar in early trade today on fresh selling of the American currency by exporters and banks ahead of the RBI policy meet.
Forex dealers said weakness in the dollar against other currencies overseas also supported the rupee. Further, a higher opening in the domestic equity market influenced the uptrend, they added.
Yesterday, the local currency ended six paise lower at 67.84 on fag-end dollar demand from banks and importers. Meanwhile, the benchmark BSE Sensex was trading 64.43 points or 0.25 per cent higher, at 24,889.26 in early trade.