Rupee edges higher

At the Interbank Foreign Exchange Forex market the local unit appreciated by 16 paise to 46.45 a dollar. It had ended 7 paise higher at 46.61/62 in the previous session on Friday.

Forex dealers said expectations of increased capital inflows from foreign funds into domestic equities,which may open higher in tandem with other Asian markets,and dollar weakness against other currencies supported the Indian rupee.

Meanwhile,the benchmark Sensex had gained 236.20 points,or 1.41 per cent in the last session.