Rupee gains 10 paise in early trade

The Indian rupee appreciated by 10 paise to Rs 45.20 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against the euro and other Asian currencies.

The rupee had gained 2 paise to close at Rs 45.30/31 against the US currency in yesterday's trade on the back of a recovery in equities amid dollar weakness overseas.

Forex dealers said dollar weakness against the euro and other Asian currencies overseas and a higher opening in the stock market kept the rupee sentiment firm.

Meanwhile, the Bombay Stock Exchange Sensex was up by 163.56 points, or 0.91%, at 18,208.20 in opening trade today.