Rupee gains 8 paise against dollar in early trade

Mumbai :  The rupee advanced by 8 paise to 64.06 against the US dollar in early session today on increased selling of the US currency by exporters and banks. Besides, the dollar’s weakness against major currencies overseas and a higher opening in domestic stocks kept the domestic unit in good spirit, forex dealers said.

Yesterday, the rupee had ended marginally higher at 64.14 against the US currency due to some dollar demand from importers and corporates. Meanwhile, the benchmark BSE Sensex rebounded by 218.19 points, or 0.70 per cent, to 31,477.04 in early trade.