The Indian rupee appreciated by 7 paise to Rs. 52.65 per U.S. dollar in early trade on the Interbank Foreign Exchange today, supported by gains posted by the euro and other currencies against the American dollar overseas and a higher 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 22 paise lower at Rs. 52.72/73 per U.S. dollar on Thursday on renewed dollar demand from importers and some banks.
Meanwhile, the 30-share BSE Sensex rose by 92.32 points, or 0.58 per cent, to 15,905.68 in opening trade on Friday.