Rupee up 16 paise to 48.91 against dollar
Also, gains in euro against the dollar overseas kept rupee's sentiments firm. The rupee had closed 15 paise higher at Rs 49.07/08 over its previous close against the dollar yesterday on fresh dollar selling by exporters amid rebound in equities.
Meanwhile, the 30-share BSE Sensex moved up by 268.95 points, or 1.52 per cent, to 18,000.07 in early trade.
PTI
Story first published: Wednesday, February 29, 2012, 11:33 [IST]