Indian rupee advances 5 paise to 67.42 against the dollar in early trade on Thursday as there was no let-up in the selling of the American currency by exporters and banks. The dollar, in turn, became weak globally, causing a hike in the Rupee value. But this was offset by fresh losses in domestic equities, dealers said.
Yesterday, the local currency ended at 1-1/2 month high of 67.47 by rising 40 paise, its biggest single-day gain this year, on the back of frantic dollar offloading amid expectations of a Fed rate hike delay.
In the meantime, the benchmark Sensex traded lower by 50.61 points, or 0.18 %, at 28,091.03 in the early session.
