The USD also weakened against other major global currencies as the International Monetary Fund trimmed its global economic growth forecast and the US trade deficit widened, dealers said.

A higher opening in the domestic equity market supported the rupee, they said.

The rupee had dropped 12 paise against the dollar to close at 65.41 yesterday on fresh demand for the American currency from banks and importers on the back of higher greenback overseas.

Meanwhile, the benchmark BSE Sensex was trading higher by 34.16 points, or 0.12 percent, at 26,967.04 in morning trade.

 

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