The rupee strengthened to 64.00 against the US dollar on fresh dollar selling by banks and exporters.

However, the US dollar’s strength against major global currencies and a weak domestic equity market capped the rupee’s gains, they added.

The domestic unit opened up by 8 paise at 64.07 at the Interbank Foreign Exchange market today. It hovered in a range of 64.13 and 64.00, before quoting at 64.13, up 2 paise at 4.35 pm local time.

On Friday, the rupee had ended steady at 64.15 against the US dollar.

Meanwhile, the benchmark BSE index closed down by 265.83 points or 0.84 per cent at 31,258.85, its lowest in five sessions.

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