Rupee up 3 paise at 66.46 on continued dollar selling

The rupee edged higher by three paise to 66.46 against the US dollar in early trade at the Interbank Foreign Exchange market today on continued selling of the American currency by exporters and banks.

Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in the domestic stock markets and the dollar’s weakness against other currencies overseas supported the rupee.

The rupee had closed with a gain of 18 paise against the US dollar at 66.49 in the previous session due to persistent selling of dollar by banks and exporters after the RBI kept its key policy rates unchanged.