Rupee gains 10 paise against dollar at 55.42

The rupee rose by 10 paise to 55.42 against the American currency in early trade today at the Interbank Foreign Exchange on dollar selling by exporters and some banks.

Besides, steady euro against the American unit and a higher opening in the domestic equity market supported the rupee, forex dealers said.

Meanwhile, the BSE benchmark index Sensex recovered by 80.43 points, or 0.46 per cent, to 17,509.99.

The rupee had edged up by 11 paise to close at 55.52 against the dollar in the previous session on Friday amid a weak trend in the American currency in overseas markets.