Rupee extend gains, up 11 paise in early trade

The rupee advanced by 11 paise to 64.85 against the dollar at the interbank forex market today on increased selling of the US currency by exporters and banks.

A weak dollar against other currencies overseas supported the rupee gains.

Stocks markets opening with gains also bolstered the domestic currency, a dealer said.

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Yesterday, the rupee had staged a mild recovery after a two-session fall and ended higher by 7 paise at 64.96 against the US currency.

The benchmark BSE Sensex rebounded by 244.99 points, or 0.73 per cent, to 33,463.80 in opening trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)