Rupee up 23 paise to 62.09 against dollar

Mumbai: Rising for the fourth straight session, the rupee gained 23 paise at 62.09 against the dollar in Monday morning trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters.

Forex dealers said sustained selling of the American unit by exporters and the dollar's weakness against other currencies overseas supported the rupee, but a lower opening in domestic equity market, capped the gains.

The rupee had surged by 35 paise to end at four-week high of 62.32 against the Greenback on Friday on persistent selling by participants amidst continued optimism of inflows.

Meanwhile, the benchmark BSE Sensex fell by 125.30 points, or 0.45 percent, to trade at 27,333.08 in early trade.