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Latest Forex Rates: Indian Rupee gains 7 paise against US dollar in early trade
The rupee had closed with a gain of 12 paise against the US dollar at 62.22 in the previous session on Friday.
Mumbai, Feb 23: The rupee strengthened by seven paise to 62.15 against the US dollar (USD) in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.
Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic stock market and the dollar’s weakness against other currencies overseas, supported the rupee.
The rupee had closed with a gain of 12 paise against the US dollar at 62.22 in the previous session on Friday. Meanwhile, the benchmark BSE Sensex rose by 113.19 points, or 0.38 per cent, at 29,344.60 in early trade.
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