Mumbai: On Monday the rupee opened by 4 paise to 68.09 against the U.S. dollar in the commencing trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks amidst superior commencing in the domestic equity market.
Forex dealers have also further conveyed that, besides selling of the American currency by exporters and banks, weakness in the dollar next to other currencies abroad supported the rupee.
They have also further conveyed added that, a superior commencing in the domestic equity market influenced the rupee uptrend.
On Friday, the rupee had misplaced 31 paise to conclude at 68.13 next to the U.S. dollar, the lowest concluding as February 29.
For now, the benchmark BSE Sensex recovered by 120.02 points, or 0.45 per cent, at 26,270.26 in early buy and sell on Monday.