Extending its gains for the fifth straight session, the rupee today surged by 28 paise to close at nearly 2-month high at 66.74/$ on persistent dollar selling by banks and exporters on hopes of foreign capital inflows into equity market.
The rupee opened higher at 66.80 a dollar from last closing level of 67.02 per dollar at the Interbank Foreign Exchange (Forex) market. It firmed up further to 66.69 per dollar before finishing at nearly 2-month high at 66.74 per dollar, showing a gain of 28 paise or 0.42 per cent.
The domestic currency has gained 61 paise or 0.91 per cent since July 26. The domestic currency had last settled at 66.71 a dollar on June 9, 2016.