The Indian rupee strengthened by 19 paise to Rs. 52.68 per U.S. dollar in early trade on the Interbank Foreign Exchange on Wednesday after the Reserve Bank of India said it will take more steps to check weakness of the rupee.
Forex dealers said apart from the RBI’s assurance that it has more tools to arrest the rupee’s fall, a higher opening in the stock market and euro gains against the dollar also gave a boost to the rupee sentiment.
The rupee had closed marginally lower by 1 paisa at Rs. 52.87/88 per U.S. dollar on Tuesday.
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Meanwhile, the 30-share BSE Sensex rose by 320.10 points, or 2.10 per cent, to 15,495.18 in opening trade on Wednesday.
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