Rupee firms up 8 paise against dollar in early trade

Mumbai: The rupee edged higher by 8 paise to trade at 64.73 against the dollar on Monday on fresh selling of the US currency by exporters amid sustained foreign fund inflows.

Forex dealers said weakness in the American currency against others overseas and a higher opening in the domestic equity market supported the rupee.

The rupee had ended marginally higher at 64.81 against the US dollar by gaining one paisa on Friday due to fag-end selling pressure on the greenback from banks and exporters.

Persistent foreign capital inflows also boosted sentiment.

Meanwhile, the benchmark BSE Sensex was trading higher by 120.27 points, or 0.44 per cent, at 27,334.87 in early trade.