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Monday Morning Market: Rupee gains 13 paise against US dollar in early trade
Forex dealers said a higher opening of the domestic equity market supported the rupee but the dollar's strength against some currencies overseas capped the gains.
Photo Credit : PTI,
The rupee strengthened by 13 paise to 68.33 against the dollar in early trade today on increased selling of the US currency by exporters and banks amid higher opening in the domestic equity market.
Forex dealers said a higher opening of the domestic equity market supported the rupee but the dollar's strength against some currencies overseas capped the gains.
On Friday, the rupee had gained 33 paise to 68.46 against the US dollar, in line with a big relief rally in domestic equities.
Meanwhile, the benchmark BSE Sensex rose by 121.74 points, or 0.34 per cent, to 35,545.22, in opening trade today.
