Rupee A Tad Up At 66.73

The rupee was a tad up at 66.73 in the evening session on bouts of dollar selling by banks and exporters amid bearish dollar overseas.

The rupee weakened by 3 paise to 66.77 against the dollar at the Interbank Foreign Exchange market today.

It hovered in a range of 66.78 and 66.70 before quoting at 66.73, up 1 paise at 5 pm local time.

The rupee had gained 28 paise against the American currency to settle at a nearly two-month high of 66.74 yesterday on persistent dollar selling by banks and exporters on hopes of foreign capital inflows into the equity market.

Meanwhile, the benchmark BSE index lost 21.41 points or 0.08 per cent to 27,981.71 points, after earlier gaining as much as 0.61 per cent.

Overseas, the US dollar hovered near three-week lows against its major rivals in early Asian trade after soft US economic data undermined the case for an early Federal Reserve rate hike.

Source: Thehindubusinessline.com