Mumbai: The rupee strengthened by 6 paise to 73.42 against the US dollar in early trade on Wednesday on increased selling of the American currency by exporters and banks. Also Read - Terrible Thursday: Sensex Sinks Over 3,150 Points; Nifty Below 9,500 in Biggest Crash Ever
Forex dealers said weakness in the dollar against some currencies overseas and a higher opening of domestic equity markets gave some support to the rupee. Also Read - US Dollar Rises as Fears Over US-Iran Tensions Ease
On Tuesday, the rupee had climbed 35 paise to close at nearly two-week high of 73.48 per dollar amid softening crude oil prices and easing concerns over the trade deficit. Also Read - Rupee Slips Below 72-mark Against USD Amid Ongoing Economic Crisis
Meanwhile, the benchmark BSE Sensex jumped 391.18 points, or 1.03 per cent, to 35,553.66 in the opening trade.
This is published unedited from the PTI feed.