MUMBAI: Enlarging surges for the third straight session, the rupee gained by 29 paisa to trade at almost 2-month high of 61.58 versus the dollar in early trade today at the Interbank Foreign Exchange on nonstop selling of the US dollar by exporters and banks.
Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market supported the rupee but dollar’s strength against other currencies capped the gains.
The Indian rupee had appreciated by 19 paise to log its over one-month closing high of 61.87 against the greenback in the previous session.
Meanwhile, the benchmark BSE Sensex rose by 145.92 points, or 0.52 per cent, to 28,267.81 in early trade.
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