Indian rupee up 16 paise against US dollar, at 62.28

 
The Indian rupee rose by 16 paise to 62.28 against the US dollar in early trade at the Interbank Foreign Exchange after the economy grew by a higher-than-expected 4.8 per cent in the September quarter.

The domestic currency had lost three paise to close at 62.44 against the dollar on Friday amid demand for the US currency from oil refiners.

Forex dealers on Monday said increased selling of the US currency by exporters, a higher opening in the domestic equity market and strengthening of euro and yen against the dollar overseas also supported the rupee.

The BSE Sensex rose 70.67 points, or 0.34 per cent, to 20,862.60 in early trade on Monday.

Indian rupee up 6 paise against US dollar, at 62.44

 
The Indian rupee appreciated by six paise to 62.44 against the US dollar in early trade at the Interbank Foreign Exchange market on selling of the US currency by exporters.

The rupee had gained 37 paise to end at 62.50 on Monday after global crude oil prices dropped following a nuclear deal between Iran and world powers.

Forex dealers said strength in other currencies against the Greenback overseas, after fresh figures showed pending US home sales slowed for the fifth straight month in October, also supported the rupee. They said, however, a lower opening in the domestic equity market capped the gains on Tuesday.

Meanwhile, the BSE Sensex fell by 66.06 points, or 0.32 per cent, to 20,539.02 in early trade on Tuesday.