Rupee up 32 paise against dollar in early trade

The rupee strengthened by 32 paise to 51.05 per dollar on the Interbank Foreign Exchange market in early trade today, supported by continued foreign fund inflows.

Dealers said consistent dollar inflows and euro's gains against the US currency overseas, mainly supported the rupee.

The rupee had gained 15 paise to close at nearly one-and-a-half month high of 51.37/38 against the dollar yesterday on the back of late recovery in equities and mild dollar selling.

Meanwhile, the 30-share BSE Sensex shot up by 198.14 points, or 1.22 per cent, to 16,387.50 in opening trade today.