The Indian rupee strengthened by 7 paise to Rs 44.76 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against other Asian currencies.
The rupee had depreciated by 16 paise to close at Rs 44.83/84 against the US currency in yesterday's trade on renewed dollar demand from banks and importers despite a weak dollar overseas.
Forex dealers said dollar weakness against other Asian currencies and a higher opening in the stock market helped the rupee's rise.
Meanwhile, the Bombay Stock Exchange Sensex was up by 130.76 points, or 0.69%t, at 19,073.90 in opening trade today.
