Rupee gains 7 paise against US dollar


Rupee gains 7 paise against US dollarThe rupee appreciated 7 paise to 65.24 against the US dollar in early trade  at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

Forex dealers said,  a higher opening of the domestic equity market and weakness in dollar against other currencies supported the rupee.

The rupee declined 38 paise to close at over three-week low of 65.31 against the US dollar yesterday on month-end demand for the American currency from importers and some banks in view of firm greenback overseas.

The benchmark BSE Sensex gained 54.31 points or 0.20 per cent to 26,892.45 in early trade today.