Rupee gains 3 paise against the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, June 5, 2013, 10:27 [IST]

The rupee today rose by 3 paise to 56.41 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters.

Forex dealers said strengthening of the euro against the dollar overseas, also supported the rupee. They said, however, a weak opening in the domestic equity market capped the rupee's gain. The rupee had rebounded from 11-month lows to close with a hefty 32 paise gain at 56.44 against the US dollar in yesterday's trade on heavy selling of the American currency by exporters amid signs of FII inflows.

Meanwhile, the BSE benchmark index Sensex fell by 30 points, or 0.31 per cent, to 19,515 in early trade today.

With inputs from PTI