Rupee up 14 paise at 54.44 against dollar

Rupee up 14 paise at 54.44 against dollar Mumbai: The rupee on Wednesday rose by 14 paise to 54.44 against the dollar at the Interbank Foreign Exchange market on selling of the US currency by exporters and banks.

Forex dealers said a higher opening in the domestic equity market and strengthening of the euro and yen against the dollar overseas, supported the rupee.

The rupee had weakened by two paise to close at 54.58 yesterday on renewed demand for the US currency from importers and continued capital outflows.

Meanwhile, the BSE benchmark index Sensex recovered by 93.40 points, or 0.51 percent, to 18,319.88 in early trade today.

PTI