Rising for the second straight day, the rupee gained 9 paise to 66.09 against the US dollar in early trade on Friday, as the greenback fell in overseas markets on hopes that the post the liftoff, any rate hike by the US Federal Reserve would only be gradual.
The domestic currency had closed 12 paise higher at 66.18 on Thursday on fresh dollar selling by banks and exporters.
Experts believe any rate hike would trigger some weakness in the domestic currency.
Most Asian currencies were trading higher against the dollar on Friday morning. The Taiwanese dollar was up 1 per cent against the greenback. The Malaysian ringgit (up 0.68 per cent), Indonesian rupiah (0.25 per cent), Korean won (0.24 per cent) and Thai baht (0.22 per cent) were all trading higher. The yen and Singapore dollar inched down 0.12 per cent each. Yuan was up 0.09 per cent.
The dollar index, which tracks dollar movement against a basket of six major world currencies, stood at 99.01.
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