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Share Market; Rupee Firms Up For 2nd Session, Up 9 Paise To 66.92
The rupee today strengthened for the second straight session, gaining by another 9 paise to close at 66.92 per dollar in view of strong foreign capital inflows coupled with firm equity market. The rupee resumed lower at 67.06 per dollar as against the last Friday's closing level of 67.01 at the Interbank Foreign Exchange market on initial demand for the American currency from banks and importers but recovered afterward to 66.90 before ending at 66.92, showing a gain of 9 paise, or 0.13%.
The domestic currency gained by 15 paise, 0.21%, in two days. The domestic unit hovered in the range of 67.07-66.90 per dollar during the day. The dollar index was trading up by 0.11 percent against a basket of six currencies.