Rupee up 31 paise against USD in early trade | business | Hindustan Times
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Rupee up 31 paise against USD in early trade

The Rupee hardened by 31 paise at 50.20 against the greenback on account of fresh capital inflows by funds amid a weak dollar overseas.

business Updated: Apr 29, 2009 10:21 IST

The Indian rupee on Wednesday hardened by 31 paise at 50.20 against the greenback on account of fresh capital inflows by funds amid a weak dollar overseas.

At the Interbank Foreign Exchange (Forex) market, the domestic unit, which ended lower by 28 paise at 50.51/52 against the dollar yesterday, rose by 31 paise on capital inflows by foreign funds as the local equity market is expected to open on a stronger note in line with other Asian markets.

Besides, forex dealers said weakening dollar against other major currencies also led to the upward movement of the local unit.

On Tuesday, the benchmark Sensex declined by over 370 points or 3.25 per cent at 11,001.75.

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