Rupee gains 14 paise against US dollar

Mumbai: The Indian rupee strengthened by 14 paise to Rs 44.34 per dollar at the Interbank Foreign Exchange on Wednesday, supported by a higher opening in the stock market and dollar`s weakness against major currencies.

The rupee had depreciated by 3 paise to close at Rs 44.48/49 a dollar in the previous session.

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

Meanwhile, the Bombay Stock Exchange Sensex surged by 192.14 points, or one per cent, at 19,313.97 in opening trade today.