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This is an archive article published on December 3, 2009

Rupee appreciates to 46.20 against dollar

Rupee strengthened by 14 paise to 46.20 against dollar in early trade on Thursday.

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The rupee strengthened by 14 paise to 46.20 against the US currency in early trade on Thursday on expectations of fresh capital inflows and dollar selling by exporters.

Dollar8217;s weakness against other major currencies also supported the domestic currency.

At the Interbank Foreign Exchange Forex market,the local unit appreciated by 14 paise to 46.20 a dollar. Rupee had ended three paise lower at 46.34/35 in the previous volatile session.

Forex dealers said hopes of increased capital inflows into domestic equities by foreign funds and dollar8217;s weakness overseas,mainly supported the rupee.

On Wednesday,the Bombay Stock Exchange benchmark Sensex ended 28.36 points,or 0.16 per cent lower.

 

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