Rupee up 8 paise against dollar in early trade

Mumbai: Maintaining its gaining streak for the fifth straight day, the rupee appreciated by eight paise to 61.19 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on increased capital inflows amidst selling of the American currency by exporters.

Besides, strengthening of the euro against the dollar in overseas market and a higher opening in the domestic equity market supported the rupee, traders said.

The rupee had gained four paise to close at over one-week high of 61.27 in the previous session on Wednesday. Forex market remained closed on Thursday and Friday on account of "Diwali" and "Balipratipada", respectively.

The benchmark BSE Sensex rose by 49.33 points, or 0.18 per cent, to 26,900.38 in early trade on Monday.