Mumbai: The rupee strengthened by 4 paise to 61.80 against the dollar in early trade on Thursday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid sustained foreign capital inflows.
Forex dealers said besides increased selling of the American currency by exporters and banks, dollar's weakness against other currencies overseas supported the rupee.
A higher opening in the domestic equity market too helped the local currency to rise, they added.
The rupee edged up by two paise to close at 61.84 against the greenback yesterday on stray dollar selling by exporters.
Meanwhile, the benchmark BSE Sensex rose by 37.75 points, or 0.13 per cent, to 28,423.94 in early trade today.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
