Rupee gains 16 paise to 66.86 against US Dollar


MUMBAI: On Friday the Indian rupee gains 16 paise to 66.86 next to the dollar in early trade on fresh selling of the US currency by exporters and banks amid a superior commencing in the domestic equity market.

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Forex dealers conveyed decrease in the dollar against other currencies abroad supported the rupee. They have also further conveyed that, foreign fund inflows and a superior commencing in the domestic equity market gave the up trend some momentum.

 Yesterday, the domestic unit concluded under the psychological 67-mark, decreasing 13 paise to hit over two-week low of 67.02. Today for now, the benchmark BSE Sensex increase 258.59 points or 0.91 per cent to 28,671.48 in early session.

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