Rupee up 6 paise at 53.86/dollar

Strengthening of yen against the dollar overseas supports rupee

The rupee today gained six paise to 53.86 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters.

Forex dealers said strengthening of yen against the dollar overseas also supported the rupee.

The local currency had lost 10 paise to close at 53.92 yesterday due to renewed dollar demand.

Meanwhile, the BSE benchmark index Sensex fell by 39.26 points, or 0.20%, to 19,457.92 in early trade today.