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Source: media reports

Rupee up by 31paise against dollar

Rupee up by 31paise against dollar
PTI
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First Published: Tue, May 05 2009. 11 52 AM IST
Updated: Tue, May 05 2009. 11 52 AM IST
Mumbai: The Indian rupee appreciated by 31paise against the dollar in early trade today due to increased capital inflows by funds on expectation that the domestic equity market will open in the positive zone.
At the Interbank Foreign Exchange (Forex) market, the local unit traded higher by 31paise at Rs49.61 against the US currency.
Forex dealers said fresh capital inflow into the Indian domestic market and dollar’s weakness against other Asian currencies, supported the rupee.
Yesterday, the Indian rupee had ended 12paise higher at 49.92/94 against the greenback.
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First Published: Tue, May 05 2009. 11 52 AM IST
More Topics: Rupee | Currency | Money | Dollar | Foreign Exchange |