Rupee appreciates by 28 paise to 46.46 a dollar

October 23, 2009 10:33 am | Updated 10:33 am IST - Mumbai

The Indian rupee appreciated by 28 paise to 46.46 a dollar in early trade on Friday as the US currency weakened against other Asian currencies.

At the Interbank Foreign Exchange (forex) market, the domestic unit strengthened by 28 paise to 46.46 a dollar. The rupee ended 26 paise lower at 46.74/75 a dollar in the previous session.

Dealers said the US currency weakening against other major currencies bolstered the rupee sentiment.

Expectations of fresh capital inflows as stock markets may open on a strong footing, in line with firming trends in Asian market, also gave a boost to uptrend, they added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.