Forex dealers said a weakening dollar against other currencies overseas after surprisingly bearish minutes from the US Federal Reserve's last meeting dampened hopes for an imminent interest rate hike.

A higher opening in the domestic equity markets also supported the rupee, they said. The rupee had closed 4 paise higher at 65.27 against the US dollar yesterday despite plunging to fresh two-year low in
early trade amid global currency volatility.

The benchmark BSE Sensex rose by 29 points, or 0.10 percent, to 27,960.64 in volatile trade.



Latest News  from Business News Desk