Rupee gains 11 paise against dollar in early trade
The Indian rupee appreciated by 11 paise to 47.05 a dollar in early trade on the Interbank Foreign Exchange today, helped by gains on the stock market.business Updated: Jun 02, 2010 11:43 IST
The Indian rupee appreciated by 11 paise to 47.05 a dollar in early trade on the Interbank Foreign Exchange on Wednesday, helped by gains on the stock market.
The rupee had closed lower by 80 paise--the biggest single-day fall in 15 months--at 47.16/17 against the dollar in yesterday's trading on a sudden bearish turn in equities.
Forex dealers said fresh capital inflow into equities by foreign funds provided support to the rupee.
Meanwhile, the Bombay Stock Exchange index, Sensex, rose by 106.06 points, or 0.63 per cent, to 16,678.09 points in the opening trade on Wednesday.