Rupee rebounds 7 paise in early trade

Mumbai: The rupee strengthened by 7 paise to 66.74 against the dollar in opening trade today at the forex market on fresh selling of the US currency by exporters and banks amidst higher opening in the domestic equity market.

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

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On Friday, the rupee had lost 11 paise to 66.81 against the US dollar on fresh demand for the American greenback from banks and importers.

Also Read | Rupee builds on surge, up 9 paise against dollar

Meanwhile, the benchmark BSE Sensex rose by 125.18 points, or 0.43 per cent, at 28,957.63 in early trade today. (PTI)

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