Rupee extends rally, rises to 67.63 against dollar

Experts said the rupee gained due to dollar�s weakness against a basket of other currencies overseas

Rupee extends rally, rises to 67.63 against dollar

The rupee rose on Wednesday for the sixth straight day, strengthened by another 24 paise to 67.63 against the dollar after banks and exporters continued to cut back on the dollar.

Experts said the rupee gained due to dollar’s weakness against a basket of other currencies overseas, PTI reported. Besides the dollar's  weakness, a higher opening in the domestic equity market also provided some support.

OnTuesday, rupee had closed by eight paise at 67.86 against dollar, while the Indian currency also touched a high and a low of 68.02 and 68.10 respectively.

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