Rupee up 7 paise against US dollar in early trade

The Indian rupee strengthened by 7 paise to Rs 45.09 per dollar at the Interbank Foreign Exchange in early trade on Wednesday, boosted by dollar weakness against other Asian currencies and a higher opening in the stock market.

The rupee had gained 29 paise to close at Rs. 45.16/17 against the US currency in the previous session on heavy selling by banks and exporters.

Forex dealers said dollar weakness against other Asian currencies overseas, and higher opening in the stock market, supported the rupee gain.

Meanwhile, the Bombay Stock Exchange benchmark Sensex rose by 183.21 points to 19,379.55 in the opening trade today.