Rupee inches up by 1 paise

Mumbai: The rupee marginally rose by one paise to Rs 45.37 a dollar in early trade at the Interbank Foreign Exchange today, propelled by gains made by Asian currencies against the greenback.

Forex dealers said dollar`s weakness in the Asian markets helped the rise of rupee, but weak opening on the stock market capped its gains.

The rupee had declined by 13 paise to its three-week low at Rs 45.38/39 a dollar in the previous session on Friday, following a steep fall in equity markets amid capital outflows.

Meanwhile, the Bombay Stock Exchange benchmark Sensex tumbled 221.58 points down to 19,470.23 points in the opening trade today.