Mumbai: The Indian rupee appreciated by 28 paise to 46.46 a dollar in early trade on Friday as the US currency weakened against other Asian currencies.
At the Interbank Foreign Exchange (forex) market, the
domestic unit strengthened by 28 paise to 46.46 a dollar. The
rupee ended 26 paise lower at 46.74/75 a dollar in the
previous session.
Dealers said the US currency weakening against other
major currencies bolstered the rupee sentiment.
Expectations of fresh capital inflows as stock markets
may open on a strong footing, in line with firming trends in
Asian market, also gave a boost to uptrend, they added.
Bureau Report
First Published: Friday, October 23, 2009, 11:31