Re rises 13 paise against dollar in early trade

The rupee on Thursday rose by 13 paise to Rs 56.03 against the US dollar in early trade, snapping four sessions of losses, on the Interbank Foreign Exchange, as the American unit weakened against euro and other currencies overseas.

Forex dealers

said dollar selling by exporters and a higher opening in the equity market also supported the rupee.

The rupee had lost 5 paise to close at a four-week low of 56.16 against the US dollar on Wednesday on sustained dollar demand from importers and fresh capital outflows.

In the last four days, rupee has lost 104 paise against the dollar.