Rupee up 24 paise against dollar in early trade

The rupee appreciated by 24 paise to trade at 60.65 against the US dollar in early trade on Monday on selling of the American currency by banks and exporters and sustained foreign capital inflows.

Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas also supported the local currency, forex dealers said.

The rupee had surged 45 paise, its biggest daily gain in two weeks, to close at 60.89 against the dollar on Friday on massive capital inflows.

Meanwhile, the benchmark BSE Sensex rose 124.18 points, or 0.57%, to 21,879.50 in early trade today.