The Indian Rupee strengthened by 5 paise to Rs. 45.20 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar’s weakness against other Asian currencies.
The rupee had depreciated by 19 paise to close at Rs. 45.25/26 against the US currency in yesterday’s trade on renewed dollar demand from banks and importers despite a weak dollar overseas.
Forex dealers said dollar’s weakness against other Asian currencies and a higher opening in the stock market helped the rupee gain some strength.
Meanwhile, the Bombay Stock Exchange Sensex was up by 200.42 points or 1.10 per cent at 18,368.06 level in opening trade today.
