The rupee pared its early gains, while quoting higher by 2 paise at 63.86 against the American currency on sustained bouts of dollar selling by banks and exporters.
The rupee opened higher at 63.85 as against yesterday’s closing level of 63.88 at the inter-bank foreign exchange here.
The Indian unit witnessed volatility and hovered between a high of 63.8175 and low of 63.95 per dollar during morning trade, it was quoting at 63.86 at 1030 hrs.
“Surging domestic equities marking new highs supporting the rupee sentiment, a dealer said.
