The Indian rupee strengthened against the U.S. dollar in the morning deals on Monday, as worries about Fed rate hikes eased somewhat. The benchmark S&P Sensex is currently up to 73.80 points or 0.29 percent at 25,375, while the broader CNX Nifty Index is up to 13.25 points or 0.17 percent at 7,762.

Against the greenback, the rupee rose to 4-day high of 67.2500 from an early low of 67.4300. At yesterday's close, the rupee was trading at 67.3800 against the greenback.

If the rupee extends its uptrend, it is likely to find resistance around the 66.00 area.

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