The rupee rose marginally by 2 paise to Rs 49.40 per dollar on the Interbank Foreign Exchange market in early trade today amid firm equity markets.

Dealers said gains in euro and and other Asian currencies against the US currency overseas also supported the rupee.

Also Read   Related Stories News Now - Rupee, bond yields seen down - Rupee's 9-week big fall - Rupee posts biggest weekly fall in nine weeks - Rupee opens mildly lower on mixed cues - Jewellers resume buying gold, diamonds as rupee rise pauses - Rupee mountain

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers More

Meanwhile, the BSE benchmark index Sensex rose by 51.99 points, or 0.29%, to 17,800.68 in opening trade.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : rupee | money and forex | dollar   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here