Business

Rupee gains 2 paise against dollar, equities help

Mumbai, Mar 21 (PTI) The rupee rose 2 paise to 66.48 against the dollar at the Interbank Foreign Exchange market in early trade today, extending its winning spell for the fourth straight day, on increased selling of the US currency by exporters and banks amid sustained foreign fund inflows.

Forex dealers said dollar's weakness against other currencies overseas supported the rupee.

Besides, a higher opening in the domestic equity market influenced the rupee uptrend, they said.

On Friday, the rupee had firmed up 25 paise to an over two-and-a-half month high of 66.50 a dollar on persistent selling of the American currency amid persistent foreign capital inflows.

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