Rupee up 5 paise against dollar in early trade

Mumbai, Jun 20: The

appreciated by 5 paise to 55.91 against the American currency in early

today on the Interbank Foreign Exchange on

selling by exporters, amid a higher opening in the stock market.

Besides, dollar weakness against a basket of other Asian currencies overseas also supported the rupee, forex dealers said.

Yesterday, the rupee had closed three paise down at 55.96 against the dollar amid foreign fund outflows and demand of the US currency from importers.

Meanwhile, the BSE benchmark index Sensex rose by 72.21 points, or 0.43 per cent, to 16,932.01.

PTI