Rupee appreciates 11 paise against American currency

The rupee gained 11 paise to 65.53 against the dollar in early trade on selling of the American currency by exporters and banks.

Rupee appreciates 11 paise against American currencyForex dealers stated that domestic equity markets opening with gains too supported the rupee, but dollar’s strength against other currencies overseas capped the gains.

The rupee had declined by 5 paise to close at one-month low of 65.64 against the US dollar in Tuesday’s trade on fag-end demand for the US currency from banks amidst sustained foreign capital outflows.

Meanwhile, the benchmark BSE Sensex recovered 207.20 points, or 0.78 per cent, to 26,797.79 in early trade.