Mumbai: The Indian rupee strengthened by 7 paise to Rs 44.33 per dollar in early trade on the Interbank Foreign Exchange today, supported by dollar weakness against other major currencies overseas and a higher opening in the stock market.
The rupee had depreciated by 5 paise to close at Rs 44.40/41 against the American currency in yesterday's trade on month-end dollar demand.
Forex dealers said dollar weakness against other major currency rivals overseas and a higher start in the stock market mainly supported the rupee's rise against the US dollar.
The Bombay Stock Exchange Sensex was up by 73.31 points, or 0.38 percent, at 18,944.60 in opening trade today.
Source: PTI
