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In line with the equity market, the rupee was trading strong by 51 paise at 67.56 on heavy selling of dollar by banks and exporters.
The rupee resumed higher at 67.85 per dollar against yesterday’s closing level of 68.07 at the Interbank Foreign Exchange (Forex) market and moved up further to 67.56 on heavy selling of dollar by banks on the back of lower dollar in the overseas market.
It hovered in a range of 67.56 and 67.87 during the evening trade.
In the global market, the dollar logged its largest one-day drop versus the euro since early December, after a disappointing reading on US services sector activity was seen putting Federal Reserve interest rate increase on hold.
As per provisional data released by stock exchanges, foreign portfolio investors sold shares worth Rs 357.13 crore yesterday,
Meanwhile, the Sensex ended higher by 115.11 points or 0.48 per cent at 25,338.43.
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