The rupee gained 11 paise to 62.25 against the dollar in early trade on Wednesday, maintaining its uptrend for the fifth straight day at the Interbank Foreign Exchange market on continued selling of the US currency by exporters.
Forex dealers said dollar's weakness against other overseas currencies, after US Federal Reserve chief Ben Bernanke indicated the bank's stimulus programme would remain in place until the economy is back on track, also supported the rupee.
However, a lower opening in the equity market capped the rupee's gain, they said.
Forex dealers said dollar's weakness against other overseas currencies, after US Federal Reserve chief Ben Bernanke indicated the bank's stimulus programme would remain in place until the economy is back on track, also supported the rupee.
However, a lower opening in the equity market capped the rupee's gain, they said.
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