Mumbai: On hopes of fresh capital inflows into equity, the Indian rupee today strengthened by 25 paise to 46.39 against the US currency in early trade.
At the Interbank Foreign Exchange (Forex) market, the local unit appreciated by 25 paise to 46.39 a dollar. The rupee ended 20 paise lower at 46.64/65 in the previous session on Friday.
Dollar’s weakness against other currencies, mainly supported the
Indian rupee.
Forex dealers said expectations of capital inflows into domestic
equities by foreign funds which may open higher in tandem with other
Asian markets which were up over 3 per cent in early trade and
dollar’s weakness against other currencies, mainly supported the
Indian rupee.
