Rupee gains against dollar, reaches 20.01 vs dirham

Mumbai - Forex dealers said weakness in the dollar against some currencies overseas gave some support to the rupee.

The rupee strengthened by 6 paise to 73.42 against the US dollar in early trade on Wednesday on increased selling of the American currency by exporters and banks.
Forex dealers said weakness in the dollar against some currencies overseas and a higher opening of domestic equity markets gave some support to the rupee.
Against the UAE dirham, the rupee was trading at 20.01 at 9:15am (UAE time), according to XE.com.

On Tuesday, the rupee had climbed 35 paise to close at nearly two-week high of 73.48 per dollar amid softening crude oil prices and easing concerns over the trade deficit.
Meanwhile, the benchmark BSE Sensex jumped 391.18 points, or 1.03 per cent, to 35,553.66 in the opening trade.

• Gold and Forex