Rupee up 11 paise against dollar in early trade

Besides, a higher opening in the domestic equity market and strengthening of euro and yen against the American currency overseas supported the rupee, forex dealers said.

Meanwhile, the BSE benchmark index Sensex extended yesterday's gains by rising 63.83 points, or 0.35 per cent, to 18,524.21.

The rupee had lost 2 paise to close at two-and-a-half month low of 55.12 against the dollar yesterday on heavy demand for the American currency.