The rupee strengthened by 11 paise to
Rs. 48.94 a dollar in early trade on the Interbank Foreign Exchange market today on increased foreign capital inflows.
Dealers said rupee gained due to foreign capital inflows and dollar's fall against major world currencies
overseas.
The rupee had depreciated by 36 paise against the US currency to close at Rs. 49.05/06 in the previous session.
Meanwhile, the BSE benchmark index Sensex rose by 121.65 points, or 0.68%, to 17,828.71 in early trade.