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Indian rupee strengthens by 7 paisa to 62.15 against dollar at start

Indian rupee strengthens by 7 paisa to 62.15 against dollar at start

MUMBAI: Indian rupee strengthened by seven paisa to 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic stock market and the dollar’s weakness against other currencies overseas supported the rupee.

The rupee had closed with a gain of 12 paisa against the US dollar at 62.22 in the previous session on Friday.

Meanwhile, the benchmark BSE Sensex rose by 113.19 points, or 0.38 per cent, at 29,344.60 in early trade.