The Indian rupee appreciated by 19 paise to Rs 44.01 per dollar at the Interbank Foreign Exchange on Friday, supported by steady capital inflows and a higher opening in the stock market.
Firmness in other Asian currencies against the American unit also supported the Indian rupee.
The rupee had depreciated by 3 paise to close at Rs 44.20/21 against the US currency in yesterday’s trade on weakness in equities amid dollar demand from importers.
Forex dealers said apart from dollar weakness against other currencies, steady capital inflows and a higher opening in the stock market, also kept the rupee’s sentiment firm.
Meanwhile, the Bombay Stock Exchange Sensex was up by 82.97 points, or 0.42 per cent, at 19,674.15 in opening trade today.
