The Indian rupee advanced further in early trade on Wednesday. It has opened higher by 17 paise at 66.38 per dollar against previous close of 66.55.
Indian rupee advanced further in early trade on Wednesday. It has opened higher by 17 paise at 66.38 per dollar against previous close of 66.55.
NS Venkatesh of IDBI Bank said, "The rupee strengthened against the USD after touching an intra-day high of 66.80/dollar on Tuesday. We saw selling by custodial banks and some buying from PSBs to meet the oil demand."
"The rupee will take cues from the equity market today and is expected to trade in a range of 66.40-66.72/dollar," he added.
The renewed risk appetite helped the dollar gain against the safe-haven yen, but the greenback still inched lower against the euro. The dollar index currently trades below the 96 mark.
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