The dollar weakened against its rivals overseas after the US Federal Reserve Chair Janet Yellen signalled that a rate hike was not likely before June, forex dealers said.

Besides, higher opening of the domestic equity market supported the rupee, they added.     

Yesterday, the rupee had gained three paise to close at 66.54 at the Interbank Foreign Exchange on persistent selling of dollars by banks and exporters in view of heavy capital inflows from foreign funds.

Meanwhile, the benchmark BSE Sensex reclaimed the crucial 25,000-mark by soaring 217.17 points, or 0.87 percent, to 25,117.63 in morning trade today.

Latest News  from Business News Desk