Rupee rides on GDP numbers, up 6 paise in early trade

Mumbai: The rupee edged higher by 6 paise to 66.76 against the dollar in early trade today after exporters and banks stepped up selling of the US currency.

The strength of the dollar overseas on growing expectations of a Federal Reserve rate hike this month, limited the gains.

Also Read | Rupee weakens 13 paise against dollar

Also Read: RBI releases 'Quarterly Statistics on Deposits, Credit of Scheduled Commercial Banks for December 2016'

Fed policymakers have been hinting at a rate hike at its meeting scheduled on March 14-15, irrespective of US President Donald Trump's budget plans. This has made the US markets soar to record highs of late.

Also Read | Rupee falls 11 paise against US dollar in early trade

Yesterday, the rupee had lost 13 paise to close at 66.82 against the dollar.

Meanwhile, the benchmark BSE Sensex regained the 29,000-mark by surging 148.46 points, or 0.51 per cent, to 29,132.95 in early trade today. (PTI)
 

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