Rupee up by 13 paise against dollar in early trade

Mumbai: The rupee strengthened by 13 paise to 60.05 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks. Besides, the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee, forex dealers said.

The rupee had lost 10 paise to close at 60.18 against the dollar on Friday due to higher demand for the American currency. Meanwhile, the benchmark BSE Sensex recovered 85.24 points, or 0.34 per cent, to 25,190.75 in early trade.