Rupee rises to 48.39 against dollar

Agencies
Posted: Tuesday, Jul 07, 2009 at 1024 hrs IST
Updated: Tuesday, Jul 07, 2009 at 1024 hrs IST

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Rupee trims fall as shares recover briefly Rupee appreciates to 46.46 a dollar Rupee slips to 46.63 against dollar Rupee weakens to 46.44 against dollar

Mumbai: The Indian rupee appreciated by 15 paise against the dollar in early trade on Tuesday on expectations of capital inflows after firm domestic stock markets.

At the Interbank Foreign Exchange (Forex) market, the domestic currency was quoted at 48.39 a dollar, a gain of 15 paise over the previous close of 48.54/55.

The rupee lost 65 paise against the greenback on Monday.

Dealers said hopes of fresh capital inflows by foreign funds and dollar selling by banks helped rise against the US currency.

However, dollar's gains against other major currencies, capped the rupee surge to some extent.

The Bombay Stock Exchange opened higher by 130 points.

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