Rupee gains 3 paise against dollar in early trade

Mumbai, Jan 11: The Indian rupee rose marginally by 3 paise to Rs 51.67 per US dollar in early trade on the Interbank Foreign Exchange today on increased foreign capital inflows and euro gains against the American currency overseas.

Forex dealers said increased foreign capital inflows into the Indian market after the government permitted up to 100 per cent FDI in single-brand retail and dollar losses against the euro in overseas markets mainly provided support to the rupee.

The rupee had surged by 81 paise to close at an over one-month high of Rs 51.70/71 per US dollar in the previous session amid sharp gains in stocks and signs of consistent foreign fund inflows. Meanwhile, the BSE benchmark Sensex rose by 57.28 points, or 0.30 per cent, to 16,222.37 in opening trade today.

PTI