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Rupee up 7 paise vs US dollar in early trade

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Rupee up 7 paise vs US dollar in early trade. (Reuters) Rupee up 7 paise vs US dollar in early trade. (Reuters)
SummaryThe local currency had closed stable at 53.85 against the dollar yesterday.

The rupee today rose by seven paise to 53.78 against the dollar in early trade at the Interbank Foreign Exchange on selling of the US currency amid increased capital inflows.

Forex dealers said dollar selling by exporters and a higher opening in the equity market mainly boosted the rupee sentiment.

The local currency had closed stable at 53.85 against the dollar yesterday.

Meanwhile, the BSE benchmark index Sensex rose further by 88.51 points, or 0.45 per cent, to 19,649.55 in early trade today.

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