The rupee strengthened by 8 paise to 66.79 against the dollar in early trade on fresh selling of the US currency by exporters and banks amid a firm domestic equity market.

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Forex dealers said besides selling of the American currency by exporters and banks, the dollar’s weakness against some currencies overseas propped up the rupee. Further, a strong domestic equity market supported the rupee.

On Friday, the rupee had lost 23 paise to close at 66.87 against the US currency in a highly volatile trade. Meanwhile, the benchmark BSE Sensex rose 128.38 points or 0.36 per cent at 35,043.76 in early trade.