The rupee today rose by nine paise to 55.36 against the US dollar in early trade at the Interbank Foreign Exchange on selling of American currency by exporters and banks.
Forex dealers said a higher opening in the domestic equity market and strengthening of euro against the dollar overseas supported the rupee.
Meanwhile, the BSE benchmark index Sensex rose by 105.22 points, or 0.56%, to 18,947.30 in opening trade today.
The rupee had gained 28 paise to close at 55.45 against the dollar in the previous session on Tuesday, buoyed by a stable outlook for the economy by rating agency Moody's and a sharp rise in local stocks.
The forex and money markets remained closed yesterday on account of 'Guru Nanak Jayanti'.
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