Rupee up 6 paise at 54.31/dollar in early trade
Increased selling of US currency by exporters helps rupee
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<a href="http://www.shutterstock.com/pic-127096205/stock-photo-rupee-dollar-balances.html?src=V3h-734btZsHr4wgtb5-HA-1-62" target="_blank">Rupee</a> image via Shutterstock
The rupee today gained six paise to 54.31 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters.
Strengthening of euro and yen against the dollar in overseas market and a higher opening in the equity market also supported the rupee, forex dealers said.
The rupee had lost 15 paise to close at 54.37 on Friday on month-end dollar demand from importers and heavy capital outflows, amid weak local stocks.
Meanwhile, the BSE benchmark Sensex rose by 50.48 points, or 0.26%, to 19,337.20 in early trade today.
Strengthening of euro and yen against the dollar in overseas market and a higher opening in the equity market also supported the rupee, forex dealers said.
The rupee had lost 15 paise to close at 54.37 on Friday on month-end dollar demand from importers and heavy capital outflows, amid weak local stocks.
Meanwhile, the BSE benchmark Sensex rose by 50.48 points, or 0.26%, to 19,337.20 in early trade today.
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First Published: Apr 29 2013 | 9:57 AM IST