Rupee gains 5 paise against $ in early trade
The Indian rupee strengthened by 5 paise to Rs 45.19 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against other currency rivals.
The rupee had depreciated by 6 paise to close at Rs 45.24/25 per dollar in the previous session due to sustained dollar demand from importers and sluggish equities.
Forex dealers said a higher opening in the stock market and dollar weakness against other currencies helped the rupee to strengthen.
Meanwhile, the Bombay Stock Exchange Sensex was up by 76.06 points, or 0.41%, at 18,250.15 in opening trade today.