Rupee trims gains, still up 3 paise in late deals
The rupee trimmed its initial gains, but was trading still up by 3 paise to 67.71 against the US dollar on bouts of selling of greenback by banks and exporters in view of higher domestic equities. The currency opened higher by 6 paise at 67.68 per dollar as against yesterday's level of 67.74 at the Inter-bank Foreign Exchange (Forex) market.
It hovered in the range of 67.7225 to 67.61 per dollar during the morning deals, before quoting 67.71 at 1025 hrs. The dollar Index is trading down 0.14 percent at 100 against a basket of six currencies. Overseas, the dollar stood near an 11-mth high against a basket of currencies early today, after upbeat US data gave the greenback's week-long rally fresh impetus.
The rupee trimmed its initial gains, but was trading still up by 3 paise to 67.71 against the US dollar on bouts of selling of greenback by banks and exporters in view of higher domestic equities. The currency opened higher by 6 paise at 67.68 per dollar as against yesterday's level of 67.74 at the Inter-bank Foreign Exchange (Forex) market. 
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