 "Rupee strengthens in early trade as banks, exporters sell dollars")
The rupee advanced by 24 paise to 66.31 against the dollar at the Interbank Foreign Exchange in early trade today on sustained selling of the US currency by banks and exporters.
Dealers said weakening of the dollar overseas supported the domestic currency. Gains in stock markets also helped rupee strengthen against the dollar, they added.
The rupee had recovered by 27 paise to close at 66.55 against the US dollar in yesterday's trade on fresh selling of the American currency by banks and exporters amid a weak greenback in overseas markets.
Meanwhile, the benchmark BSE Sensex climbed 427.28 points or 1.69% to trade at 25,745.15 in deals.
Dealers said weakening of the dollar overseas supported the domestic currency. Gains in stock markets also helped rupee strengthen against the dollar, they added.
The rupee had recovered by 27 paise to close at 66.55 against the US dollar in yesterday's trade on fresh selling of the American currency by banks and exporters amid a weak greenback in overseas markets.
Meanwhile, the benchmark BSE Sensex climbed 427.28 points or 1.69% to trade at 25,745.15 in deals.