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The rupee on Monday rose nine paise against the US dollar to close at 66.55 on fresh selling of the American currency by banks and exporters in view of weakness in the greenback in overseas markets.
Persistent foreign capital inflows on sustained rise in the equity market also boosted the rupee, a forex dealer said.
The domestic currency hovered in the 66.52-66.71 range before closing at 66.55, a gain of nine paise or 0.14 per cent.
The rupee was trading higher at 66.54 against the US currency in late trade today at the Inter-bank Foreign Exchange.
The rupee resumed at 66.62 and hit a high of 66.52 and a low of 66.71 in intra-day trade.
At 4.50 pm, the domestic unit was quoting at 66.54 against the greenback.
The rupee had dropped 21 paise to end at 66.64 on Wednesday on fag-end dollar demand from banks and importers despite a sharp rally in domestic equities.
Forex market remained closed on Thursday and Friday for ’Ambedkar Jayanti’ and ‘Ram Navami’, respectively.
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