Indian rupee up 13 paise against dollar in early trade

Aug 11 2014, 09:51 IST
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The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market. (Reuters) The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market. (Reuters)
SummaryThe rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market.

Indian rupee strengthened by 13 paise to 61.02 against the US dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the American currency by exporters and banks.

Besides, the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee, forex dealers said.

The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market.

Meanwhile, the benchmark BSE Sensex recovered by 221.20 points, or 0.87 per cent, to 25,550.34 in early trade today.

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