<p> The rupee strengthened by 16 paise to a fresh two-month high of Rs 50.57 per US dollar in early trade on the Interbank Foreign Exchange today on increased foreign capital inflows.<br /><br /></p>.<p>Dealers said increased foreign capital inflows into the Indian market and dollar losses against other currencies in overseas markets mainly provided support to the rupee.<br />The rupee had surged by 64 paise to close at two-month high of Rs 50.73/74 against the American currency yesterday on strong rally in equities and continued dollar selling by exporters.<br /><br />Meanwhile, the BSE benchmark Sensex rose by 43.93 points, or 0.26 per cent, to 16,509.98 in opening trade today.</p>
<p> The rupee strengthened by 16 paise to a fresh two-month high of Rs 50.57 per US dollar in early trade on the Interbank Foreign Exchange today on increased foreign capital inflows.<br /><br /></p>.<p>Dealers said increased foreign capital inflows into the Indian market and dollar losses against other currencies in overseas markets mainly provided support to the rupee.<br />The rupee had surged by 64 paise to close at two-month high of Rs 50.73/74 against the American currency yesterday on strong rally in equities and continued dollar selling by exporters.<br /><br />Meanwhile, the BSE benchmark Sensex rose by 43.93 points, or 0.26 per cent, to 16,509.98 in opening trade today.</p>