Rupee firms up 11 paise against Dollar in opening trade

The rupee on Wednesday gained 11 paise to 67.04 against the dollar at the interbank Forex market ahead of the announcement of RBI monetary policy.

The market also noted fresh selling by exporters and the higher opening of the domestic equity markets. Besides fresh selling of dollar by exporters, the American currency weakness against some currencies overseas amid lingering concerns about global trade firmed up the rupee.

On Tuesday, the rupee had shed 4 paise to end at 67.15 against the US dollar.

Meanwhile, the benchmark BSE Sensex recovered by 69.38 points, or 0.19 per cent, to 34,972.59 in opening trade on Wednesday.