Rupee up by 11 paise

Mumbai: The Indian rupee gained 11 paise to Rs 45.41 against the US dollar in early trade on the Interbank Foreign Exchange today, supported by weakness of the greenback against other Asian currencies.

The rupee had depreciated by 3 paise to close at Rs 45.52/53 against the US dollar in the previous session on Tuesday on dollar demand from importers. The forex market remained was closed yesterday on account of Milad-un-Nabi.

Dealers said dollar weakness against other Asian currencies overseas supported the rupee sentiment, but a lower opening in the stock market capped the gains.

The Bombay Stock Exchange benchmark Sensex fell by 31.16 points to 18,269.74 in opening trade today.