Rupee scales back 66-mark, climbs 11 paise against US dollar

The rupee appreciated by 11 paise to 66.98 against the dollar in early trade on Tuesday due to increased selling of the American currency by exporters and banks.

The rupee appreciated by 11 paise to 66.98 against the dollar in early trade on Tuesday due to increased selling of the American currency by exporters and banks.

Rupee appreciated by 11 paise to 66.98 against the dollar in early trade on Tuesday. (Reuters File Photo)

Dealers said besides increased selling of the American unit by exporters and banks, weakness in the dollar against other currencies ahead of the Federal Reserve’s meeting, supported the rupee.

A higher opening in the domestic equity market also influenced the uptrend in rupee, dealers added.

Rupee had weakened by 21 paise to close at a 27-month low of 67.09 against the greenback amid strong overseas sentiment on Monday.

Meanwhile, the benchmark BSE Sensex was trading 39.77 points, or 0.15% higher, at 25,190.12 in early trade.