<p>Continuing its rise for the fifth straight day, the rupee today edged higher by 5 paise to 58.54 against the US dollar in early trade on sustained capital inflows amidst selling of the American currency by banks.<br /><br /></p>.<p>In the last four trading sessions, the rupee has gained 146 paise.<br /><br />Forex dealers said sustained foreign capital inflows after a clear mandate for the BJP to form a stable government at the Centre boosted the sentiment.<br /><br />They added that a higher opening in the domestic equity market also supported the rupee but dollar's gain against some of its rivals overseas limited the domestic currency's gains.<br /><br />The rupee rose 20 paise to close at a fresh 11-month high of 58.59 against the dollar yesterday.<br /><br />Meanwhile, the benchmark BSE Sensex gained 224.11 points, or 0.91 per cent, to 24,587.16 in early trade today. </p>
<p>Continuing its rise for the fifth straight day, the rupee today edged higher by 5 paise to 58.54 against the US dollar in early trade on sustained capital inflows amidst selling of the American currency by banks.<br /><br /></p>.<p>In the last four trading sessions, the rupee has gained 146 paise.<br /><br />Forex dealers said sustained foreign capital inflows after a clear mandate for the BJP to form a stable government at the Centre boosted the sentiment.<br /><br />They added that a higher opening in the domestic equity market also supported the rupee but dollar's gain against some of its rivals overseas limited the domestic currency's gains.<br /><br />The rupee rose 20 paise to close at a fresh 11-month high of 58.59 against the dollar yesterday.<br /><br />Meanwhile, the benchmark BSE Sensex gained 224.11 points, or 0.91 per cent, to 24,587.16 in early trade today. </p>