Mumbai: The rupee advanced by 6 paise to trade at a fresh four-week high of 66.59 against the US dollar in early trade on June 9 on sustained selling of the American currency by banks and exporters.

Moreover, weakness in dollar against other currencies overseas on expectations that the US Federal Reserve will keep benchmark interest rates low for longer also supported the rupee at the Interbank Foreign Exchange market, dealers said. They said, however, a lower opening in the domestic equity market, capped the rupee's gain.

On June 8, the rupee firmed up by 12 paise to close at a four-week high of 66.65 on sustained selling of the American currency by banks and exporters amid persistent foreign capital inflows. Meanwhile, the benchmark BSE Sensex fell by 90.74 points or 0.33 per cent at 26,929.92 in early trade on June 8.

Hyderabad: Telangana government has offered to create an industrial cluster for South Korean companies to set up manufacturing facilities in the state, officials said today.

"Recently, Ministry of External Affairs appointed (facilitated) a meeting of Telangana Chief Secretary and state's Industry officials with Korean delegation where the state government offered a land parcel depending upon the requirement of South Korea where various Korean companies can set up their base at one place ... so it will be a mini-cluster of Korean companies," Telangana (Industries, Commerce and Power) Principal Secretary Arvind Kumar said.

Speaking to reporters on the sidelines of Korea Caravan 2016 organised here, he said the offer to create the cluster, which may also include residential localities and school which can cater to their specific needs, was again made to the South Korean Ambassador to India Cho Hyun here today.

"Yesterday, they (a Korean industrial delegation) went and visited some sites here. We are hopeful that some of the companies have expressed their interests and it will be followed by one and one meetings and we are hopeful we will be able to attract Korean companies in a big way," Kumar said.

 "In terms of manufacturing base, IT base or electronics base, presence of South Korean companies in Telangana is not much as of now. "Our effort is to make South Korea as the focus partner for us.

A team led by Industry Minister and officials will also visit South Korea before December end," he added. On power sector in Telangana, Kumar claimed that the state has overcome power deficit.

"Through GENCO we are adding 6,000 MW, Singareni Collieries 2,000 MW, NTPC 4,000 MW and 2,000 MW from Chattishgarh which will make a total of 14,000 MW within next three years," the officer said.

"We have a solar energy generation target of 5,000 MW till 2018 and out of this, PPAs were signed for 2,500 MW and most of them are likely to be operational by April of next year," he added.

In addition, Telangana would be getting more power generation from central generating stations and there will be some more PPAs and, in all, about 20,000 MW plus capacity would be added in the state in the next three years, he said.