Rupee up 14 paise against US dollar in early trade

Dec 06 2012, 10:07 IST
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The rupee today rose by 14 paise to 54.40 against the US dollar in early trade.  (Reuters) The rupee today rose by 14 paise to 54.40 against the US dollar in early trade. (Reuters)
SummaryThe rupee today rose by 14 paise to 54.40 against the US dollar in early trade.

The rupee today rose by 14 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.

Besides, a higher opening in the domestic equity market and strengthening of euro, which hovered at seven-week high against the American currency overseas, supported the rupee, forex dealers said.

Meanwhile, the BSE benchmark index Sensex extended yesterday's gains by rising 99.74 points, or 0.51 per cent, to 19,491.60 in early trade today.

The rupee had gained 14 paise to close at 54.54 against the dollar yesterday after the ruling government's victory in Parliament over FDI in multi-brand retail sector amid sustained selling of the US currency.

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