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Rupee gains 5 paise against US dollar in early trade

The Indian currency had depreciated by 6 paise to close at Rs 45.24/25 per dollar in the previous session due to sustained dollar demand from importers and sluggish equities.

twitter-logo PTI   Mumbai     Last Updated: March 14, 2011  | 11:04 IST

The Indian rupee strengthened by 5 paise to Rs 45.19 per dollar at the Interbank Foreign Exchange on Monday, supported by a higher opening in the stock market and dollar weakness against other currency rivals.

The rupee had depreciated by 6 paise to close at Rs 45.24/25 per dollar in the previous session due to sustained dollar demand from importers and sluggish equities.

Forex dealers said a higher opening in the stock market and dollar weakness against other currencies helped the rupee to strengthen.

Meanwhile, the Bombay Stock Exchange Sensex was up 76.06 points, or 0.41 per cent, at 18,250.15 in opening trade on Monday.

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