Mumbai: The Indian rupee Wednesday inched higher by 8 paise to 46.22 against the US dollar in early trade on expectations of fresh capital inflows by foreign funds into Indian bourses.
However, dollar's gains against other major currencies were limited.
At the Interbank Foreign Exchange (Forex) market, the local unit edged higher by 8 paise to 46.22 a dollar. The rupee ended 9 paise down at 46.30/32 in the previous session.
Forex dealers said expectations of fresh capital inflows into equities by foreign funds as market may open in positive zone in tandem with other Asian markets which are marginally up in early trade and dollar selling by exporters, supported the rupee.
Bureau Report
First Published: Wednesday, November 18, 2009, 10:22