Rupee up 26 paise against US dollar in early trade

Rupee

The rupee today gained 26 paise to 53.60 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters.

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

The local currency had gained 23 paise to close at 53.86 yesterday on dollar selling as Economic Survey strengthened forex market's expectations of Union Budget taking fiscally prudent steps to attract foreign investors.

Meanwhile, the BSE benchmark index Sensex rose by 162.86 points, or 0.85 per cent, to 19,315.27 in early trade today.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.