Mumbai: The rupee advanced by 11 paise to 64.85 against the dollar at the interbank forex market today on increased selling of the US currency by exporters and banks. A weak dollar against other currencies overseas supported the rupee gains.
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Stocks markets opening with gains also bolstered the domestic currency, a dealer said. Yesterday, the rupee had staged a mild recovery after a two-session fall and ended higher by 7 paise at 64.96 against the US currency.
The benchmark BSE Sensex rebounded by 244.99 points, or 0.73 percent, to 33,463.80 in opening trade. PTI
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