NEW DELHI: The Indian central bank likely sold dollars via state-run banks starting at around 66.60 rupee levels, reported Reuters qouted two dealers as saying. The rupee recovered sharply to the day's high of 66 per dollar following the intervention and was trading at 66.01, stronger than its close of 66.55/56 on Thursday. The unit, however, is still on course to post its biggest monthly loss ever. Meanwhile, The S&P BSE Sensex rallied over 200 points after taking a 100-point hit post PM's speech in the Parliament on economy today. The broader 50-share index Nifty also rallied over 1 per cent to reclaim its psychological level of 5,450. At 03:17 p.m.; the 50-share index was at 5,471.3, up 62.25 points or 1.27 per cent. It touched a high of 5,487.10 and a low of 5,360.20 in trade today. The S&P BSE Sensex was trading at 18,632.53, up 231.49 points or 1.26 per cent. It touched a high of 18,662.46 and a low of 18,272.76 in trade today. The BSE Sensex saw a knee-jerk reaction earlier in the day and weakened after the Prime Minister addressed a speech on the economy in Parliament at noon. The fundamentals of the Indian economy remained strong and emphasised the bright side of a weaker currency - more competitive exports that he predicted would be further boosted by better performance in the global economy, he said.

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