Mumbai: The Indian rupee on Friday appreciated by
20 paise to touch a week-high of 46.80 against the US dollar
in early trade on dollar selling by exporters.
At the Interbank Foreign Exchange (Forex) market, the
domestic unit strengthened by 20 paise to 46.80, strongest
since October 27. The Indian rupee ended three paise higher at
47.02/03 in yesterday's volatile session.
Dealers said dollar selling by exporters mainly supported
the Indian rupee.
Besides, expectations of increased capital inflows into
domestic equities by foreign funds, which may open sharply
higher in tandem with other Asian markets, also helped the
domestic currency appreciate.
Bureau Report
First Published: Friday, November 06, 2009, 10:44