Rupee hits fresh 1-month high, up 30 paise vs dollar

The rupee on Thursday rose by 30 paise to trade at fresh one-month high of 61.75 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters, amid sustained foreign capital inflows.

Strengthening of other currencies against the dollar overseas and a higher opening in the domestic equity market also supported the local currency, forex dealers said.

The rupee had gained 31 paise to close at one-month high of 62.05 against the dollar in yesterday's trade.

Meanwhile, the benchmark BSE Sensex regained 21,000 level by surging 439.55 points, or 2.12%, to trade at 21,148.26 in opening trade today.