Rupee gains 6 paise against US dollar

Mumbai: The Indian rupee strengthened by 6 paise to Rs 44.72 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market.

However, the dollar`s rise against other major currency rivals capped the rupee gains.

The rupee had appreciated by 5 paise to close at Rs 44.78/79 against the US currency in yesterday`s trade amid bullish local equity markets and easing crude oil prices.

Forex dealers said a higher opening in the stock market helped the rupee gain some ground, but the dollar`s strength against other currencies limited the gains.

Meanwhile, the Bombay Stock Exchange Sensex was up by 152.80 points, or 0.79 per cent, at 19,273.60 in opening trade today.