Rupee up 8 paise at 61.19 against US dollar

Written by PTI | Mumbai | Updated: Oct 27 2014, 15:49pm hrs
Indian rupeeRupee appreciates agianst US dollar on increased capital inflows amid selling of the American currency by exporters.
Maintaining its gaining streak for the fifth straight day, the rupee appreciated by eight paise to 61.19 against the US dollar in early trade at the Interbank Foreign Exchange today on increased capital inflows amidst selling of the American currency by exporters.

Besides, strengthening of the euro against the dollar in overseas market and a higher opening in the domestic equity market supported the rupee, traders said.

The rupee had gained four paise to close at over one-week high of 61.27 in the previous session on Wednesday.

Forex market remained closed on Thursday and Friday on account of "Diwali" and "Balipratipada", respectively.

The benchmark BSE Sensex rose by 49.33 points, or 0.18 per cent, to 26,900.38 in early trade today.