Rupee inches up, hovers above 65 vs USD

Mumbai: The rupee firmed up 5 paise to 65.06 against the dollar on Tuesday, set off by fresh selling of the US currency by exporters and banks.

The local unit received some good support from higher domestic equities. But a strong dollar overseas kept the rupee in check.

Yesterday, the rupee had retreated from its near one-week high and ended lower by 10 paise at 65.11 in a restricted trade amid stray dollar demand.

Meanwhile, the benchmark BSE Sensex rose 154.01 points, or 0.46 percent, to 33,513.91 in early session today.