INR to USD forex rates today: Rupee climbs another 6 paise against dollar in early trade
U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul August 2, 2013. Picture taken August 2, 2013. South Korea's foreign reserves jumped to a record high in July, the central bank said on August 5, 2013, appearing to support traders' suspicions of dollar-buying intervention by currency authorities last month. The reserves stood at $329.71 billion at the end of July, up $3.27 billion from June, the Bank of Korea said in a statement, attributing the rise to management gains and the appreciation of the euro in July, which the Bank of Korea said was up 1.8 percent against the dollar last month. REUTERS/Kim Hong-Ji (SOUTH KOREA - Tags: BUSINESS)
Mumbai: Extending its gains for the fifth straight day, the rupee inched up by another 6 paise to trade at a fresh two-week high of 66.44 against the dollar in early trade today on sustained selling of the American currency by exporters.
Besides, a strong opening in the domestic equity market also boosted the rupee’s value against the American currency, but the dollar’s strength against some currencies overseas capped the gains, forex dealers said.
The rupee had gained 11 paise to close at a fresh two-week high of 66.50 per dollar yesterday on persistent selling of the greenback by banks and exporters despite a higher dollar overseas. Meanwhile, the benchmark BSE Sensex was quoting higher by 68.17 points, or 0.24 per cent, to 28,291.87 in early trade.