Rupee up 20 paise against US dollar in early trade

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Mumbai, Jan 25 (PTI) The Indian rupee gained 20 paise toRs 45.48 against the US dollar in early trade at the InterbankForeign Exchange today, supported by a higher opening in thestock market and weakness of the American currency againstother major currencies.

The rupee had depreciated by 6 paise against thegreenback to close at Rs 45.68/69 per dollar in the previoussession due to late dollar demand from importers despite firmlocal equities.

Forex dealers said besides dollar weakness against otherAsian currencies and the euro overseas, a higher opening inthe stock market supported the rupee sentiment.

Meanwhile, the Bombay Stock Exchange benchmark Sensexmoved up by 99.02 points to 19,250.30 in the opening tradetoday.

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