Rupee hits new 2-month high of 66.34 vs USD

November 10, 2016 09:58

The rupee strengthened by 9 paise to quote at fresh two-month high of 66.34 against the US dollar in early trade today on increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said weakness in the dollar against some other currencies overseas also supported the rupee. Further, a higher opening in the domestic equity market gave the uptrend some momentum, they added.

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