Mumbai: The rupee continued to rule firm for the fifth day on Thursday to close at a fresh 3-month high of 66.26, rising 11 paise on persistent selling of US dollars by banks and exporters in view of sustained foreign capital inflows.
Weakness of dollar in the overseas market also boosted the rupee value against the dollar, a forex dealer said.
Foreign funds (FPP and FIIs) continued their buying spree as they bought shares worth Rs 1,442.47 crore yesterday as per the provisional data of stock exchanges.
The rupee resumed slightly higher at 66.35 as against Wednesday's closing level of 66.37 at the Interbank Foreign Exchange (Forex) market on Thursday and hovered in a range of 66.17 and 66.45 per dollar before closing at a fresh 3-month high 66.27, showing a gain of 11 paise or 0.17 per cent. It has gained 45 paise or 0.67 per cent in 5 days.
The rupee had last ended at 66.14 per dollar on January 1, 2016.
Meanwhile, the dollar index was down by 0.28 per cent against a basket of six currencies in the late afternoon trade.
Overseas, the US dollar was trading lower against its major rivals in late Asian trade as dovish comments from Federal Reserve Chair Janet Yellen continued to resonate, dampening demand for the currency.
The Indian benchmark Sensex ended marginally higher by 3.28 points or 0.01 per cent to 25,341.86.
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