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Rupee up 14 paise at 46.20 a dollar in early trade

Last Updated: Thursday, December 3, 2009 - 10:30

Mumbai: The rupee strengthened by 14 paise
to 46.20 against the US currency in early trade on Thursday on
expectations of fresh capital inflows and dollar selling by
exporters.

Dollar`s weakness against other major currencies also
supported the domestic currency.

At the Interbank Foreign Exchange (Forex) market, the
local unit appreciated by 14 paise to 46.20 a dollar. Rupee
had ended three paise lower at 46.34/35 in the previous
volatile session.

Forex dealers said hopes of increased capital inflows
into domestic equities by foreign funds and dollar`s weakness
overseas, mainly supported the rupee.

Yesterday, the Bombay Stock Exchange benchmark Sensex
ended 28.36 points, or 0.16 percent lower.

PTI

First Published: Thursday, December 3, 2009 - 10:30
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