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Rupee gains 6 paise against dollar in early trade

Rupee vs dollar

Mumbai: The rupee rose by six paise at 62.91 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.

Forex dealers said a higher opening in domestic equity market also supported the rupee but a weakening dollar against some other currencies overseas capped the rise.

The rupee had lost 47 paise at 62.97 against the dollar on Friday on sustained dollar demand from importers amid weakness in local shares.

The benchmark BSE Sensex jumped by 78.52 points, or 0.27 per cent, at 28,581.82 in early trade today.

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