The rupee strengthened by 15 paise to Rs 50.23 per dollar in early trade on the Interbank Foreign Exchange today on dollar selling by exporters and capital inflows.
Dealers said euro's gains on IMF plans to expand its lending resources to counter Europe's debt crisis against the American currency overseas, also kept the rupee sentiment firm.
The rupee had jumped 35 paise to close at a fresh two-month high of Rs 50.38/39 in yesterday's session, on the back of sustained capital inflows.
Meanwhile, the BSE 30-share index, Sensex, rose by 206.02 points or 1.25% to 16,657.49 in early trade.
