Rupee gains four paise in early trade

Mumbai: The Indian rupee was up by 4 paise at Rs 44.66 per dollar in early trade on the Interbank Foreign Exchange on Thursday, supported by a higher opening in the stock market.

The rupee had declined by 3 paise to close at Rs 44.70/71 against the US currency yesterday on mild dollar demand from banks and importers.

Forex dealers said the higher opening in the stock market mainly helped the rupee to recover against the American dollar in early trade after easing to Rs 44.74 in line with weakness in other Asian currencies overseas.

Meanwhile, the Bombay Stock Exchange Sensex was up by 32.64 points at 18,426.93 in opening trade today.