Rupee gains 10 paise against dollar in early trade

The Indian rupee appreciated by 10 paise to 45.48 a dollar in early trade today on firm Asian currencies amid increased capital inflows by foreign funds into equities.

At the Interbank Foreign Exchange (Forex) market, the rupee strengthened by 10 paise to 45.48 a dollar. The domestic currency had closed 8 paise lower at 45.58/59 in the previous session.

Forex dealers said the rupee strengthened against the US currency largely in line with other firming Asian currencies and dollar selling by banks and exporters.

Besides, fresh capital inflows by foreign funds into equities also supported the Indian rupee, they added.

Meanwhile, the Bombay Stock Exchange benchmark Sensex rose by 120.22 points, or 0.69 per cent to 17,530.79 in the opening trade today.