Rupee up by 38 paise against U.S. dollar

The rupee strengthened by 38 paise to Rs 44.30 a dollar at the Interbank Foreign Exchange market in early trade on Wednesday, on surging capital inflows into equities by foreign funds.

Besides, dollar’s weakness overseas, as it declined near 8-month low against the euro also supported the Indian rupee.

The rupee had ended 10 paise lower at Rs. 44.68/69 against the dollar in the previous session.

Meanwhile, the Bombay Stock Exchange index Sensex surged by 262.24 points to 20,669.95 points in the opening trade today.