Mumbai: The Indian rupee today gained 7 paise
against the US currency in early trade on increased capital
inflows into stock markets in line with firming global cues.
At the Interbank Foreign Exchange (Forex) market, the
local unit appreciated by 7 paise to 46.54 a dollar. The
rupee had ended 8 paise lower at 46.61/62 in the previous
session.
Dealers said increased capital inflows into equities by
foreign funds, which were up 0.41 per cent in first session of
New Year mainly supported the Indian rupee.
Besides, the dollar weakened against other Asian
curerncies, which boosted the rupee sentiment, they said.
PTI
First Published: Monday, January 04, 2010, 11:13