Mumbai, India (BBN)-Indian rupee firmed up 16 paisa to 67.89 against the US dollar on increased selling of dollar by exporters and banks amid a firm domestic stock market.
Forex dealers said the dollar’s weakness against other currencies overseas gave the rupee some relief, reports the PTI.
Further, a firm domestic equity market gave the uptrend some momentum, they added.
On Wednesday, the domestic unit had ended higher by 28 paise at 68.05 following a fresh bout of dollar selling.
Meanwhile, the benchmark BSE Sensex rose 171.39 points or 0.64 per cent to 26,804.52 in early trade.