Extending gains for the fourth straight day, the rupee moved up by three paise to close at 63.52 against the American currency on persistent selling of dollars by banks and exporters on hopes of resumption of foreign capital inflows.
Sustained rise in the equity market in view of progress in monsoon mainly boosted the rupee value against the dollar, forex dealers said.
The rupee resumed slightly higher at 63.52 as against last weekend’s level of 63.55 at the Interbank Foreign Exchange market.
It moved in a range of 63.57 and 63.46 during the day, before ending at the same opening level of 63.52, showing a gain of three paise, or 0.05 per cent, from its last weekend level.