Rupee gains 6 paise against dollar in opening trade

News, Business

Mumbai: The rupee firmed 6 paise at 63.85 against the dollar in opening trade today, maintaining its upward trend for the fourth straight day on sustained selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

The dollar slipped to a three-year low against a basket of currencies today. Forex dealers said the greenback is headed for its biggest weekly loss in two years.