Rupee up 11 paise against dollar in early trade

Dollar selling by exporters and banks also supported the rupee, forex dealers said.

Euro gained against the dollar overseas ahead of a European Central Bank meeting during which officials were expected to announce fresh measures to battle the eurozone debt crisis.

The rupee had lost 1 paisa to close at 55.53 against the Greenback yesterday on capital outflows from shares and a stronger American currency overseas.

Meanwhile, the BSE benchmark Sensex fell by 60.13 points, or 0.35 per cent, to 17,324.25 in early trade today.