Rupee rises 10 paise to 48.41 a dollar in opening trade

Covering Wednesday's losses the Indian rupee appreciated by 10 paise against the US dollar in opening trade on Thursday on expectations of increased capital inflows as the stock markets may open high in line with other firming Asian markets.

Covering Wednesday's losses the Indian rupee appreciated by 10 paise against the US dollar in opening trade on Thursday on expectations of increased capital inflows as the stock markets may open high in line with other firming Asian markets.

The dollar's weakness against other currencies also supported the Indian rupee. At the Interbank Foreign Exchange (Forex) market, the domestic unit strengthened by 10 paise to quote at 48.41 a dollar over previous close.

Yesterday, the Rupee ended four paise lower at 48.51/52. Forex dealers said the anticipation of increased capital inflows by foreign funds as markets may open firm in line with other Asian bourses.

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