Rupee trades higher against dollar in early trade

The rupee today gained 24 paise to 54.11 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks.

The rupee on Friday gained 24 paise to 54.11 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks.

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Forex dealers said a higher opening in the domestic equity market and strengthening of euro and yen against the dollar overseas, also supported the domestic currency.

The rupee had lost five paise to close at 54.35 against the dollar on Thursday.

Meanwhile, the BSE benchmark index Sensex rose by 98.95 points, or 0.51%, to 19,669.39 in early trade on Friday.