Indian rupee gains 35 paise against dollar

MUMBAI, Jan 23 (PTI):  The rupee strengthened by 35 paise to 61.35 against the dollar in early trade Friday at the Interbank Foreign Exchange on strong selling of the US currency by exporters amid sustained capital inflows.

Forex dealers said besides selling of the American currency by exporters, continued overseas capital inflows and soaring domestic equity markets supported the rupee.

They said, however, euro sinking to its lowest level in more than a decade against the US dollar after the ECB announced stimulus programme capped the rupee's gains.