MUMBAI: The rupee firmed up 7 paise to 68.13 against the dollar in early trade on Monday, rising for a fifth straight day on increased selling of the US currency by exporters and banks.
A higher opening in the domestic equity market gave the uptrend some momentum, but the euro sinking to a 20-month low against the American currency after Italy Prime Minister Matteo Renzi resigned following a heavy referendum defeat, capped the gains.
On Friday, the rupee had gained 14 paise to close at 68.20 — the highest level in more than a week — on growing expectations that the Reserve Bank will lower key rates in its policy review scheduled for December 7.
Source: timesofindia.indiatimes.com