The rupee on Monday rose 14 paise to 55.20 against the US dollar in early trade at the Interbank Foreign Exchange on selling by exporters and banks amid euro’s strength against the American currency.
Besides, a higher opening in the equity market also supported the rupee, forex dealers said.
The rupee had gained 18 paise close at one-week high of 55.34 on Friday following smart rebound in stocks, amid sustained weakness in dollar value overseas.
Meanwhile, the BSE benchmark index Sensex rose by 144.99 points, or 0.86 per cent, to 16,984.18.
via The Hindu Newspaper http://www.thehindu.com/business/markets/article3702448.ece
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