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Extending its recovery for the second straight session, the rupee on Tuesday strengthened by another 8 paise to 65.28 a dollar amid persistent selling of the greenback by banks and exporters. Firming local equities coupled with bearish dollar sentiment overseas largely supported the forx market upmove.
At the Interbank Foreign Exchange market, the local currency resumed little changed with positive bias at 65.35 compared to 65.36 yesterday and struggled for a firm direction. It surged ahead to hit a fresh intra-day high of 65.20 in late afternoon deals before ending at 65.28, showing a gain of 8 paise.
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