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Rupee gains 3 paise against US dollar in early trade

Rupee gains 3 paise against US dollar in early trade

Mumbai: The Indian rupee strengthened by 3 paise to Rs 44.46 per dollar in early trade on the Interbank Foreign Exchange on Wednesday, supported by dollar weakness against the euro and other Asian currencies. The rupee ended 8 paise higher Rs 44.49/50 against the US currency in yesterday`s trade amid a rebound in equities and […]

Published: Wednesday, 20 July 2011
Last updated: 20 July 2011, 10:45 AM IST

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Mumbai: The Indian rupee strengthened by 3 paise to Rs 44.46 per dollar in early trade on the Interbank Foreign Exchange on Wednesday, supported by dollar weakness against the euro and other Asian currencies.

The rupee ended 8 paise higher Rs 44.49/50 against the US currency in yesterday`s trade amid a rebound in equities and dollar-selling by exporters.

Forex dealers said dollar weakness against the euro and other Asian currencies overseas mainly supported the rupee`s rise against the American dollar today.

Meanwhile, the Bombay Stock Exchange Sensex was up by 111.73 points, or 0.59 per cent, at 18,765.60 in early trade today.