The Indian rupee gained in early trade against the dollar. The rupee opened higher by 39 paise at 59.66 versus previous day close of 60.05.
The rupee on Monday rallied to one month high of 59.51 against the American currency on dollar selling by banks and exporters in the morning trade on the back of strong foreign capital inflows into equity market.
The rupee resumed higher 59.98 per dollar as against the last weekend's level of 60.04 per dollar at the Interbank Foreign Exchange ( Forex) Market and firmed up further to more than one-month high at 59.51 per dollar before quoting at 59.62 per dollar at 1000 hrs.
It was last traded at 59.50 per dollar on April 2, 2014.
However, in New York Market, the euro slid against the dollar on last Friday, dropping through the USD 1.38 threshold to its lowest level in a month as traders continued to react to the dovish tone of the European Central Bank.
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Indian rupee opens at 59.66 per dollar; gains 39 paise
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