Rupee up 15 paise against USD in early trade
The Indian rupee on Friday rose by 15 paise against the US currency in early trade on expectations of capital inflows by foreign funds.business Updated: May 15, 2009 10:31 IST
The Indian rupee on Friday rose by 15 paise against the US currency in early trade on expectations of capital inflows by foreign funds.
At the Interbank Foreign Exchange (Forex) market, the local unit, which breached the 50-mark in intra-day trade after nearly two weeks and closed at 49.77 yesterday, moved up by 15 paise at 49.62 a dollar.
Forex dealers said the domestic bourses are expected to open on a strong note today in line with other Asian stock markets, thus leading to capital inflows by foreign funds.
The Asian equity markets rose by up to two per cent in the morning trade.
The benchmark Sensex ended lower by nearly 147 points or 1.22 per cent yesterday.
First Published: May 15, 2009 10:27 IST