Rupee up by 2 paise against US dollar

Mumbai: The Indian rupee gained 2 paise to Rs 49.10 per US dollar in early trade on the Interbank Foreign Exchange today, supported by a rise in the domestic stock market.

Dealers said the recovery in the equity market in early trade helped the rupee trade higher, but continued dollar demand from importers capped the gains. The rupee had closed 17 paise lower at Rs 49.12/13 per US dollar in yesterday`s trade on dollar demand and weakness in equities.

Meanwhile, the BSE Sensex recovered by 44.03 points, or 0.26 per cent, to 16,927.95 in opening trading today.