Rupee gains 6 paise against US dollar

Mumbai: The rupee strengthened by 6 paise to 73.42 against the US dollar in early trade on Wednesday on increased selling of the American currency by exporters and banks.

Also Read: Rupee softens 9 paise against US dollar

Also Read | Rupee surges 39 paise against US dollar in early trade

Forex dealers said weakness in the dollar against some currencies overseas and a higher opening of domestic equity markets gave some support to the rupee.

On Tuesday, the rupee had climbed 35 paise to close at nearly two-week high of 73.48 per dollar amid softening crude oil prices and easing concerns over the trade deficit.

Also Read | Rupee depreciates 4 paise against US dollar

Meanwhile, the benchmark BSE Sensex jumped 391.18 points, or 1.03 per cent, to 35,553.66 in the opening trade. (PTI)

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