According to dealers, infrastructure sector recording a growth rate of 5 per cent in September,made the rupee stronger.
Mumbai: The rupee strengthened by 12 paise to 66.67 against the US dollar in early trade today on increased selling of American currency by exporters and banks amid a higher opening in the domestic stock market.
According to dealers, infrastructure sector recording a growth rate of 5 per cent in September, the highest in three months, made the rupee stronger. Besides, a positive opening of the domestic equity market also supported the the local currency, they said.
The rupee had gained 8 paise to close at 66.79 against the US dollar at the Interbank Foreign Exchange market on Friday. Forex market remained closed yesterday on account of -"Diwali Balipratipada'. Meanwhile, the benchmark BSE Sensex recovered 41.11 points or 0.14 per cent at 27,971.32 in early trade today.
