MC:Rupee gains 7 paise against US dollar in early trade
The Indian rupee strengthened by 7 paise to Rs 44.33 per dollar in early trade on the Interbank Foreign Exchange today, supported by dollar weakness against other major currencies overseas and a higher opening in the stock market.
The rupee had depreciated by 5 paise to close at Rs 44.40/41 against the American currency in yesterday's trade on month-end dollar demand.
Forex dealers said dollar weakness against other major currency rivals overseas and a higher start in the stock market mainly supported the rupee's rise against the US dollar.
The Bombay Stock Exchange Sensex was up by 73.31 points, or 0.38%, at 18,944.60 in opening trade today.
