Indian rupee firms up by 4 paise to 67.29 against in early trade

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Mumbai | Updated: May 26, 2016 10:45:18 AM

The Indian rupee firmed up against dollar on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Indian rupee vs US dollarThe Indian rupee firmed up against dollar on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. (Photo: AP)

The Indian rupee firmed up by 4 paise to 67.29 against the dollar in early trade on Thursday on increased 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.

Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.

On Wednesday, the domestic unit rebounded from its 2-1/2 month low with an impressive 42-paise gain to close at 67.33 – its sharpest single-day jump in over two months.

Meanwhile, the benchmark BSE Sensex rose 187.44 points, or 0.72 per cent, to 26,068.61, in early session on Thursday.

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