Rupee gains 11 paise against US dollar in early trade

The Indian rupee strengthened by 11 paise to Rs 45.02 per dollar in early trade at the Interbank Foreign Exchange on Monday, supported by a higher opening in the stock market and dollar weakness against other currencies.

The Indian currency had appreciated by 5 paise to close at Rs 45.13/14 per dollar in the previous session on Friday on the back of dollar-selling dollar by exporters.

Forex dealers said dollar weakness against the euro and a higher opening in the stock market kept the rupee sentiment firm as well.

Meanwhile, the Bombay Stock Exchange Sensex was up 128.92 points, or 0.72 per cent, at 18,007.73 in opening trade on Monday.