Rupee Gains 5 Paise In Early Trade (04-Mar-2010)
In line with other rising Asian currencies amid increased capital inflows by foreign funds into the firming domestic equities market, the rupee rose by five paise to 45.77 a dollar in the early trade.
However, at the Interbank Foreign Exchange (Forex) market, the rupee rose by five paise to 45.77 a dollar.
The domestic currency had closed 19 paise higher at 45.82/83 in the previous session, the highest level in the past six weeks.
Meanwhile, the rupee gained against the US currency in line with other Asian units and dollar selling by banks and exporters.
Besides, fresh capital inflows by foreign funds into firming local stock markets also supported the Indian rupee.
On the other hand, the BSE benchmark Sensex rose by 24.95 points to 17.024.96 in the opening trade.
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