Mumbai: The rupee strengthened by 20 paise to
64.04 against the dollar at the interbank forex market today
on fresh selling of the American currency by exporters and
banks ahead of the announcement of RBI's monetary policy .
Dealers said dollar's weakness against other currencies
overseas and early gains in domestic equity markets supported
the rupee.
Yesterday, the rupee had tumbled 17 paise to end at a
fresh seven-week low of 64.24 against the US dollar.
According to the provisional exchange data, foreign
investors sold shares worth Rs 2,326.10 crore on net basis
yesterday.
The benchmark BSE Sensex recovered by 470.39 points, or
1.36 per cent, to 34,666.33 in opening trade today.
PTI
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