Rupee appreciates against dollar in early trade

The Indian rupee appreciated by 17 paise to 46.39 a dollar in early trade on the Interbank Foreign Exchange today, helped by fresh inflow of global funds into the equity market.

The rupee had closed lower by 7 paise at 46.56/57 against the dollar in yesterday’s trading.

Forex dealers said that fresh capital inflow into equities by foreign funds provided support to the rupee.

Meanwhile, the Bombay Stock Exchange index, Sensex, rose by 111.05 points to 17,523.88 points in the opening trade today.

Rupee down by 2 paise at Rs. 45.80 a dollar

The rupee today eased marginally by two paise to 45.80 against the US dollar in early trade in line with other weak Asian currencies amid a weak domestic equity market.

At the Interbank Foreign Exchange (Forex) market, the Indian rupee fell by two paise to trade lower at 45.80 a dollar. The rupee had lost 16 paise to close at 45.78/79 in the previous session.

Forex dealers said dollar’s gains against other Asian currencies and foreign capital outflows from the local equity markets, mainly weighed on the Indian rupee’s sentiment.

The Bombay Stock Exchange index Sensex was down by nearly 49 points at 17,505.50 points in the opening trade today.