Mumbai: Continuing its gains against the US dollar for the fifth trading session, the rupee today firmed up by another 12 paise to close at a 4-week high of 66.65 on sustained selling of the American currency by banks and exporters amid persistent foreign capital inflows.
Weakness in dollar in the overseas market also boosted the rupee value, a forex dealer said.
The rupee opened slightly lower at Rs 66.78 against Tuesday's closing level of Rs 66.77 per dollar at the Interbank Foreign Exchange (Forex) market here today.
However, it recovered afterwards to 66.62 per dollar before closing at 4-week high of 66.65, showing a gain of 12 paise or 0.18 per cent. The rupee had last ended at 66.62 per dollar on May 12, 2016.
It has gained 80 paise or 1.19% in the last five trading days.
The domestic currency hovered in a range of 66.62 and 66.82 per dollar during the day.
Meanwhile, the dollar index was down by 0.23 per cent against the basket of six global currencies in the late afternoon trade.
In cross-currency trades, the rupee recovered against the pound sterling to end at 97.04 from 97.40 on Tuesday and fell against the euro to 75.83 per euro from 75.78.
The domestic currency also moved down against the yen to 62.25 per 100 yens from 61.97 on Tuesday.
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