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Rupee up 20 paise against dollar in early trade

Mumbai (PTI): The rupee strengthened by 20 paise to trade at over seven-month high of 60.65 against the US dollar today on heavy capital inflows amid a higher opening in the equity market.

Dealers said increased selling of the American currency by banks and exporters also supported the rupee but dollar’s range-bound movements against other currencies overseas, limited the gains.

The rupee had appreciated 22 paise to close at an over seven-month high of 60.85 against the US currency in the previous session on heavy capital inflows into equities that surged to a fresh record.

Meanwhile, the benchmark BSE Sensex rose 67.24 points, or 0.30 per cent, to trade above 22,000 level at 22,002.07 in early trade today.

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