Rupee gains 13 paise against dollar in early trade
Forex dealers said the rupee strengthened against the US currency largely on increased capital inflows by foreign funds into equities and selling of dollar by banks, but gains were limited due to dollar's gains overseas.
The Indian rupee appreciated by 13 paise to 44.30 a dollar in early trade today on the back of continued capital inflows by foreign funds into equities. The domestic currency had closed 11 paise higher at 44.43/44 in the previous session. Forex dealers said the rupee strengthened against the US currency largely on increased capital inflows by foreign funds into equities and selling of dollar by banks, but gains were limited due to dollar's gains overseas. Meanwhile, the Bombay Stock Exchange benchmark Sensex continued its winning-streak for the fifth straight session and shot up by another 132.28 points, or 0.74%, at 17,826.48 points in the opening trade today.