Rupee gains 28 paise against US dollar in early trade | business | Hindustan Times
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Rupee gains 28 paise against US dollar in early trade

The rupee rose by 28 paise to Rs 49.17 per US dollar in early trade on the Interbank Foreign Exchange today, supported by euro gains against the American currency and a rebound in the domestic stock market.

business Updated: Sep 27, 2011 10:22 IST

The rupee rose by 28 paise to Rs 49.17 per US dollar in early trade on the Interbank Foreign Exchange on Tuesday, supported by euro gains against the American currency and a rebound in the domestic stock market.

Dealers said dollar weakness against the euro and other currencies overseas and gains recorded by domestic bourses in early trade assisted the rupee's rise.

The rupee had ended 2 paise lower at Rs 49.45/46 against the US dollar in the previous session due to strong dollar demand from importers amid weak stock markets.

Meanwhile, the Bombay Stock Exchange Sensex recovered by 304.92 points, or 1.89%, to 16,356.02 in opening trade on Tuesday.