The Indian rupee gained 7 paise to Rs. 45.17 against the U.S. dollar in early trade at the Interbank Foreign Exchange on Tuesday, led by a higher opening in the stock market and weakness of the American currency against its major global rivals.
The rupee had ended 12 paise lower at 45.24/25 against the U.S. dollar in the previous session amid heavy dollar—selling by banks and importers.
Forex dealers said in addition to dollar weakness against other Asian currencies and the euro overseas, a higher opening in the stock market also supported the rupee sentiment.
Meanwhile, the Bombay Stock Exchange benchmark Sensex moved up by 61.48 points to 20,090.41 in opening trade today.
