Re appreciates by 16 paise in early trade

The rupee appreciated by 16 paise to Rs 44.33 against the US dollar at the Interbank Foreign Exchange market in the morning trade today on sustained FII inflows into equity markets.

Besides, dollar's weakness against other major currencies, such as euro and yen, also supported the Indian Rupee.

The rupee had ended 19 paise higher at Rs 44.49/50 against the US currency in the previous session on dollars selling by banks and exporters.

Meanwhile, the Bombay Stock Exchange index Sensex rose by 38.21 points to 20,581.29 level in the opening trade.