Forex dealers said besides selling of the American currency by exporters, a higher opening in the domestic stock market buoyed the rupee sentiment but dollar’s strength against other currencies overseas limited gains.
The rupee had gained 50 paise, the steepest single day gain in last seven months, to close at 63.11 against the dollar yesterday, in line with strong recovery in stocks.
Meanwhile, the benchmark BSE Sensex today rose by 314.29 points, or 1.16 per cent, to trade at 27,440.86 in early trade.