Rupee appreciates 8 paise against US currency

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The rupee gained 8 paise to 66.60 against the dollar at the Interbank Foreign Exchange in early trade  on fresh selling of the US currency by exporters and banks.

RupeeBesides, a higher opening in domestic stock markets supported the rupee but dollar’s strength against other currencies overseas capped the gains.

The rupee had declined 9 paise to close at 67.68 per dollar in yesterday’s trade on sustained demand for the American currency from banks and importers amid sharp fall in equities.

Meanwhile, the benchmark BSE Sensex rose 126.72 points or 0.52 per cent at 24,315.09 in early trade.