Rupee up 7 paise against dollar in early trade

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

Meanwhile, the BSE benchmark index Sensex recovered by 96.72 points, or 0.50 per cent, to 19,420.52.

The rupee had lost 10 paise to close at 54.94 against the dollar yesterday due to month-end demand for the American currency from oil importers and capital outflows.