Rupee appreciates 22 paise against dollar

Agencies
Posted: Wednesday, Nov 04, 2009 at 0943 hrs IST
Updated: Wednesday, Nov 04, 2009 at 0943 hrs IST

Font Size

Feedback

Discuss

Rupee plunges by 38 paise Sensex tumbles over 451 points Food inflation rises to 15.58 pct Investors fear about another attack like Mumbai

Mumbai: The Indian rupee appreciated by 22 paise in early trade on Wednesday on expectations of fresh capital inflows by capital funds as stock market may open higher, tracking firming trends on other Asian equity markets.

At the Interbank Foreign Exchange (Forex) market, the local unit strengthened by 22 paise to 47.18 a dollar.

The rupee had ended 44 paise lower at 47.40/41 in the previous session after the Bombay Stock Exchange index Sensex fell by over 490 points and dollar strengthened overseas against a basket of currencies.

Dealers said expectations of fresh capital inflows as equities may open higher, in line with firming trends in Asian market, mainly supported the rupee.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Rupee appreciates 22 paise against dollar

Post Comments