Mumbai, Dec 16: The rupee rose by 4 paise at 66.88 against the US dollar in early trade today at the Interbank Foreign Exchange on continued selling of the American currency by exporters and banks. Also Read - Secrets To Running A Million-Dollar Company

Besides selling of the US currency by exporters and banks, a higher opening in domestic stock markets and the dollar’s weakness against some currencies overseas, supported the rupee, forex dealers said. (ALSO READ: US oil price gains as traders buy dip) Also Read - Stock Market News Today, 16 February 2021: Sensex Opens at New High, Nifty Tops 15,000; ONGC, Kotak Bank Among Big Gainers

The rupee had staged a comeback from its over two year lows to close 17 paise higher at 66.92 against the US dollar in yesterday’s trade amid rise in equities. Meanwhile, the benchmark BSE Sensex rose by 123.04 points, or 0.48 per cent, at 25,443.48 in early trade. Also Read - Sensex Jumps Over 500 Points, Crosses 52,000-Mark For First Time Ever