The Indian rupee strengthened by 11 paise to Rs. 45.02 per dollar in early trade at the Interbank Foreign Exchange on Monday, supported by a higher opening in the stock market and dollar weakness against other currencies.
The rupee had appreciated by 5 paise to close at Rs. 45.13/14 per dollar in the previous session on Friday on the back of dollar-selling by exporters.
Forex dealers said dollar weakness against the euro and a higher opening in the stock market kept the rupee sentiment firm as well.
Meanwhile, the Bombay Stock Exchange Sensex was up by 128.92 points, or 0.72 per cent, at 18,007.73 in opening trade Monday.