Rupee gains 5 paise against $ in early trade
The Indian rupee strengthened by 5 paise to Rs 45.20 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar's weakness against other Asian currencies.
The rupee had depreciated by 19 paise to close at Rs 45.25/26 against the US currency in yesterday's trade on renewed dollar demand from banks and importers despite a weak dollar overseas.
Forex dealers said dollar's weakness against other Asian currencies and a higher opening in the stock market helped the rupee gain some strength.
Meanwhile, the Bombay Stock Exchange Sensex was up by 200.42 points or 1.10% at 18,368.06 level in opening trade today.