The rupee on Monday rose marginally by 7 paise to 51.10 against the U.S. dollar in early trade on the Interbank Foreign Exchange market, largely on the back of euro gains against the American currency overseas.
Dealers said euro’s gains against the U.S. dollar supported the rupee but a lower opening in the equity market and higher demand for the American currency from importers, capped the gains.
The rupee had plunged by 50 paise to close at 51.17/18 in the previous session on Thursday, the lowest closing since January 16. The Forex market was closed on Friday.
Meanwhile, the BSE benchmark Sensex fell by 89.64 points, or 0.52 per cent, to 17,272.10 in early trade today.
