Mumbai, Sep 28 (PTI) The rupee rose by 10 paise to 72.49 against the dollar in early trade Friday amid fresh selling of the American currency by exporters and banks. Also Read - Coronavirus: US Laboratory Develops Portable, Five-Minute COVID-19 Test
Forex dealers said, apart from weakness in the dollar against some currencies overseas despite upbeat US economic data, fresh foreign fund inflows supported the rupee. Also Read - US Now Has Most Number of Confirmed Coronavirus Cases in the World
According to the provisional exchange data, FPIs invested Rs 552.44 crore on a net basis in equities on Thursday. Also Read - 'You're a Terrible Reporter', Trump Gets Into Verbal Spat With a Correspondent Over Question on COVID-19 Fears
A higher opening of the stock market also supported the rupee, a dealer said.
The benchmark BSE Sensex recovered by 181.95 points, or 0.50 per cent, to 36,506.12 in early trade Friday.
The rupee Thursday ended almost flat at 72.59 against the US dollar after strong initial gains were erased by fag-end dollar demand from importers despite government measures to stem currency volatility.
This is published unedited from the PTI feed.