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Rupee appreciates to 49.25 against dollar

Rupee appreciated by 5 paise against US currency on expectations of fresh capital inflows.

Written by Agencies | Mumbai | Published: May 13, 2009 10:20:39 am

The Indian rupee appreciated by 5 paise against the US currency on expectations of fresh capital inflows.

A weak dollar overseas against some of its major rivals also supported rupee sentiment.

At the Interbank Foreign Exchange (Forex) market,the local unit,traded 5 paise higher at 49.25 a dollar.

On Tuesday,the rupee closed 20 paise higher at 49.30/31 to a US dollar in highly volatile session.

Forex dealers said rising trend on the stock markets and dollar’s losses against other currencies mainly supported the Indian rupee.

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