Rupee up 11 paise at 46.40 a dollar in early trade

Extending Monday's gains, the rupee on Tuesday rose by 11 paise to 46.40 against the dollar in early trade on hopes of more capital inflows by foreign funds and strong Asian cues.

Dollar's losses against other currencies also supported the local unit.

At the Interbank Foreign Exchange (Forex) market, the rupee edged higher by 11 paise to 46.40 a dollar. It had ended 13 paise up at 46.51/52 in the previous session.

Forex dealers said expectations of increased capital inflows by foreign funds into domestic market amid firming trend on the Asian bourses pulled rupee up. Also, dollar's weakness overseas supported the Indian unit, they added.