Rupee gains 8 paise to trade at one-week high of 64.88

The dollar's weakness against other currencies overseas

after a key advocate for free trade in the White House announced his resignation, fanning fears that President Donald Trump would go ahead with import tariff hike and risk a trade war, also supported the rupee sentiment, a currency dealer said.

The domestic unit moved between 64.92 and 64.87 at the interbank forex market in early trade.

Yesterday, the rupee had gained 16 paise to close at

64.96 on steady unwinding of dollars by exporters and

corporates.

Foreign portfolio investors (FPIs) bought shares worth

Rs 620.08 crore yesterday, as per provisional data released by  stock exchanges.

Meanwhile, the benchmark BSE Sensex was down by 131.13 points, or 0.39 per cent, to trade at 33,186.07 in morning trade.