| Date: |
04-07-2011 |
| Subject: |
Rupee Gains 10 Paise Against U.S. Dollar In Early Trade |
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The Indian rupee rose for the fourth straight day today by adding 10 paise to Rs 44.47 per dollar in opening trade on the Interbank Foreign Exchange, supported by dollar weakness against the euro and other Asian currencies and a higher opening in the stock market.
The rupee had appreciated by 12 paise to close at Rs 44.57/58 against the US currency on Friday on continuous sale of dollars amid capital inflows.
Forex dealers said dollar weakness against the euro and other Asian currencies overseas along with a higher opening in the stock market kept the rupee sentiment firm against the American dollar.
Meanwhile, the Bombay Stock Exchange Sensex was up by 172.84 points, or 0.92 per cent, to 18,935.64 in opening trade today.
Source : thehindu.com
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