Indian rupee gained strength against the dollar in the early trade following firm trends in Asian and Indian equity indices coupled with dollar selling by banks and exporters.
The partially convertible rupee stood at 48.86 against the greenback, appreciating up to 0.16% than its previous close of 48.93/94.
Asian stocks advanced, led by banks and metals producers, on speculation lower interest rates and US stimulus measures will ease the global financial crisis and boost the region`s exports. Meanwhile, the 30-share index, BSE Sensex opened with a gain of 77 points, at 9,334.47 on Thursday, January 29.
