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The rupee strengthened by 11 paise to Rs 44.64 against the US dollar in the early trade at the Interbank Foreign Exchange market today, extending gains for the sixth straight session, supported by capital inflows and a firming trend in the stock market.
The domestic unit had appreciated by 10 paise to close at Rs 44.75/76 against the US dollar in the previous session on the back of rising equities and sustained selling of dollar by exporters and banks.
Forex dealers said steady capital inflows and a higher opening in the stock market continued to keep the rupee sentiment firm.
The Bombay Stock Exchange benchmark Sensex shot up by 196.87 points or 1.07 per cent to 18,547.61 in the opening trade today.
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