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Rupee Rebounds to 66.60/Dollar Tracking Higher Equities

The rupee recovered from its three-week low by surging 33 paise to 66.60 against the US dollar at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.
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Rupee Rebounds to 66.60/Dollar Tracking Higher Equities

The rupee recovered from its three-week low by surging 33 paise to 66.60 against the US dollar at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.

Forex dealers said higher domestic equity markets too supported the rupee, but dollar's strength against other currencies overseas capped the gains.

Yesterday, the rupee had declined by 11 paise to close at more than three-week low of 66.93 against the US dollar on persistent demand for the American currency from banks and importers amid sharp fall in equities.

The benchmark BSE Sensex was trading 0.50 per cent higher in noon trade.



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