MUMBAI: The rupee strengthened by 11 paisa to 61.56 against the US dollar in early trade at the Interbank Foreign Exchange today amid sustained overseas capital inflows.
Besides, a higher opening in the domestic equity market helped the rupee but the dollar’s gain against other currencies overseas capped the rise, forex dealers said.
Increased selling of the American currency by banks and exporters amid sustained inflows of foreign funds supported the rupee, they added.
The rupee had ended at one-week high by gaining 13 paise at 61.67 against the Greenback yesterday on persistent selling of dollars by banks and exporters as RBI kept interest rates unchanged.
Meanwhile, the benchmark BSE Sensex recovered by 133.48 points, or 0.48 per cent, to 29,133.62 in early trade.
