The Indian rupee strengthened by 2 paise to Rs 44.93 per dollar in early trade on the Interbank Foreign Exchange today, supported by dollar weakness against the euro and other currencies overseas and a higher opening in the stock market.
The rupee had depreciated by 6 paise to close at Rs 44.95/96 against the US currency in yesterday's trade on the back of a firm dollar overseas.
Forex dealers said dollar weakness against the euro and other currencies overseas and a higher start in the stock market mainly supported the rupee's rise against the American dollar, but dollar demand from oil importers capped the gains.
The Bombay Stock Exchange Sensex was up by 184.83 points at 17,912.32 in opening trade today.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app