MUMBAI: The rupee gained strength against dollar by 4 paisa in early trade at interbank following selling of the American money by exporters after RBI’s policy review.
Dealers said increased selling of the dollar by exporters supported the rupee but a lower opening in the domestic equity market and the Greenback’s rise against some overseas currencies, capped the gains.
The rupee had gained just one paisa to close at 62.02 against the dollar in yesterday’s trade on late selling of the US currency by exporters and some banks.
Meanwhile, the benchmark BSE Sensex fell by 65.35 points, or 0.23 per cent, to 28,494.27 in early trade.
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