Rupee up 12 paise against dollar in early trade
Rising for the third straight day, the rupee strengthened by 12 paise to 59.63 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market on sustained selling of the U.S. currency by exporters amid a higher opening of the domestic equity market.
Forex dealers said besides selling of dollars by exporters, strength in other currencies against the American unit overseas also supported the rupee. The domestic currency had gained three paise to close at 59.75 against the dollar on Wednesday. Meanwhile, the benchmark BSE Sensex rose by 74.93 points, or 0.29 per cent, to 25,519.74 in early trade today.