Rupee gains 5 paise against dollar in early trade

Mumbai, Jan 20: The rupee on Friday rose marginally by 5 paise to trade at a fresh over two-month high of Rs 50.20 per US dollar in early trade on the Interbank Foreign Exchange. Dealers said increased foreign capital inflows in the Indian market in tandem with weakening of dollar against the euro in the overseas markets after successful bond sale in Spain and France, mainly provided support to the rupee.

The rupee had surged by 13 paise to close at Rs 50.25/26 per US dollar in the previous session, extending gains for the sixth straight day buoyed by capital inflows. Meanwhile, the BSE benchmark Sensex rose by 116.08 points, or 0.56 per cent, to 16,759.82 in opening trade today.

PTI