The rupee strengthened by 38 paise to Rs 44.30 a dollar at the Interbank Foreign Exchange market in early trade on Wednesday, on surging capital inflows into equities by foreign funds.
Besides, dollar’s weakness overseas, as it declined near 8-month low against the euro also supported the Indian rupee.
The rupee had ended 10 paise lower at Rs. 44.68/69 against the dollar in the previous session.
Meanwhile, the Bombay Stock Exchange index Sensex surged by 262.24 points to 20,669.95 points in the opening trade today.