Rupee gains 7 paise against dollar in early trade

Thursday, Feb 25, 2016,10:15 IST By metrovaartha A A A

Mumbai | The rupee rose by 7 paise to 68.50 against the dollar in early trade Thursday at the Interbank Foreign Exchange market on fresh selling of the US currency by banks and exporters.

Forex dealers said a higher opening in the domestic equity market and a weakening dollar against other currencies overseas supported the rupee.

Yesterday, the rupee had ended almost flat as it gained one paisa to 68.57 following fag-end selling of the American currency by banks and exporters.

Meanwhile, the benchmark BSE Sensex rose 68.66 points, or 0.16 per cent, to 23,127.59 in early trade.