TIL Desk/Business/Mumbai-Extending its gains for the fourth straight day, the rupee today firmed up further by 2 paise to settle at 67.02 a dollar as banks and exporters continued to sell the US currency amid persistent capital inflows. A weak dollar in overseas market also boosted the rupee sentiment, a forex dealer said.
Foreign portfolio investors (FPIs) and institutional investors (FIIs) bought shares worth a net Rs 1,767.06 crore yesterday, as per the provisional data released by stock exchanges. The rupee opened flat at 67.04 a dollar from yesterday’s closing level at the Interbank Foreign Exchange (Forex) market and hovered in a range of 66.9550 and 67.0900 before ending at 67.02 per dollar, showing a gain of 2 paise or 0.03 per cent.
The rupee has gained by 33 paise or 0.49 per cent in the four days to Friday. The dollar index was trading down 0.47 per cent against a basket of six currencies in the late afternoon trade. Meanwhile, the RBI fixed the reference rate for the dollar at 67.0340 and euro at 74.2737.
