Rupee up 11 paise against US dollar in early trade

The Indian rupee gained 11 paise to Rs 45.41 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday, supported by weakness of the greenback against other Asian currencies.

The Indian currency had depreciated by 3 paise to close at Rs 45.52/53 against the US dollar in the previous session on Tuesday on dollar demand from importers. The forex market was closed on Wednesday on account of Milad-un-Nabi.

Dealers said dollar weakness against other Asian currencies overseas supported the rupee sentiment, but a lower opening in the stock market capped the gains.

The Bombay Stock Exchange benchmark Sensex fell 31.16 points to 18,269.74 in opening trade on Thursday.