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Wednesday, 4 January 2012

Rupee gains 10 paise against US dollar in early trade

  The Indian rupee appreciated by 10 paise to Rs. 52.86 per US dollar in early trade on the Interbank Foreign Exchange on Monday, supported by gains posted by the euro and other currencies against the American dollar overseas and a better opening in the domestic stock market.

Dealers said dollar weakness against the euro and other currencies overseas and gains recorded on the domestic bourses in early trade today supported the rupee sentiment.

The rupee had closed 24 paise lower at Rs. 52.96/97 per US dollar in the previous session on Friday on sustained demand for the US currency from importers and some banks amid weakness in the equity market.

The 30-share BSE Sensex rose by 90.11 points, or 0.57 per cent, to 15,828.81 in opening trade today.

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