Rupee increases 5 paise vs dollar in early trade

Mumbai, May 15 – The rupee on Wednesday rose by five paise to 54.76 against the dollar in early trade at the Interbank Foreign Exchange on selling of the US currency by exporters.

Besides, a higher opening in the domestic equity market and strengthening of euro against the dollar overseas – supported the rupee, forex dealers said.

The rupee had lost eight paise to close at an over 1-month low of 54.81 against the dollar on Tuesday.

Meanwhile, the BSE benchmark Sensex rose by 158.19 points, or 0.80%, to 19,880.48. Source: PTI