The greenback's weakness against a basket of other Asian currencies support Indian unit
The rupee appreciated by 5 paise to 55.91 against the American currency in early trade today on the Interbank Foreign Exchange on dollar selling by exporters, amid a higher opening in the stock market.
Besides, dollar weakness against a basket of other Asian currencies overseas also supported the rupee, forex dealers said.
The rupee had closed three paise down at 55.96 against the dollar on Tuesday, amid foreign fund outflows and demand of the US currency from importers.
The rupee posted its biggest daily gain in three years on Friday after the government confirmed it will not impose retroactive taxes on foreign ...