The rupee on Wednesday strengthened by six paise to 52.67 against the US dollar in early trade on the Interbank Foreign Exchange, largely on the back of a higher opening on the stock market amid selling of the American currency by exporters.
Dealers said higher opening in local equities and selling of the U.S. currency by exporters, supported the rupee but dollar’s gains against other currencies overseas, capped the gains.
The rupee had lost 19 paise to close at a nearly four-month low of Rs. 52.73/74 against the US currency on Monday. The forex market remained closed yesterday for ‘Maharashtra Day’.
Meanwhile, the BSE benchmark index Sensex rose by 105 points, or 0.61 per cent, to 17,423.81 in early trade today.