Extending its winning momentum for the sixth straight sessions, the rupee on Monday strengthened by 5 paise to close at 66.21 per dollar on persistent selling of the American currency by banks and exporters amid sustained foreign capital inflows.


Recovery in the equity market also boosted the rupee value against the dollar, a forex dealer said.


The rupee resumed lower at 66.30 against last Thursday's closing of 66.26 at the Interbank Foreign Exchange (Forex) market and dropped to 66.3775 on initial dollar demand from banks and importers.


However, it recovered afterwards to 66.10 on dollar sale by banks and exporters on hopes of more foreign capital inflows before finishing at 66.21, showing a gain of five paise or 0.08 per cent.