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The rupee continued to rule firm against the American currency for the fifth trading day, moving up further by another 4 paise to end at 66.46 on persistent selling of dollars by banks and exporters on the back of firm equities.
Weakness of dollar in the New York market yesterday also boosted the rupee value against the dollar, a forex dealer said. At New York market yesterday, dollar slumped against Mexican peso and a host of other emerging-market currencies.
The rupee resumed higher at 66.46 as against the yesterday’s closing level at 66.50 a dollar at the Interbank Foreign Exchange (forex) market and moved in a range of 66.43 and 66.49 before closing at the same opening level of 66.46, showing a gain of 4 paise or 0.06 per cent.
The rupee has gained by 56 paise or 0.84 per cent in five trading days.
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