Mumbai: The rupee appreciated by 11 paise to 66.98 against the dollar in early trade today on increased selling of the American currency by exporters and banks.


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Dealers said besides increased selling of the American unit by exporters and banks, weakness in the dollar against other currencies ahead of Federal Reserve's meeting, supported the rupee.


Further, a higher opening in the domestic equity market influenced uptrend in the rupee, they added.


Yesterday, rupee had weakened by 21 paise to close at a 27-month low of 67.09 against the greenback amid strong overseas sentiment.


Meanwhile, the benchmark BSE Sensex was trading 39.77 points, or 0.15 percent higher, at 25,190.12 in early trade.