Rupee gains 10 paise

Mumbai: The Indian rupee appreciated by 10 paise to Rs 44.98 per dollar in opening trade on Tuesday 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 strengthened by 8 paise to close at Rs 45.08/09 against […]

Published: Tuesday, 31 May 2011
Last updated: 31 May 2011, 11:17 AM IST

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Mumbai: The Indian rupee appreciated by 10 paise to Rs 44.98 per dollar in opening trade on Tuesday 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 strengthened by 8 paise to close at Rs 45.08/09 against the US currency in Monday`s trade amid sustained dollar selling and renewed capital inflows.

Forex dealers said dollar weakness against the euro and other Asian currencies overseas and a better start in the stock market kept the rupee sentiment firm against the American dollar.

Meanwhile, the Bombay Stock Exchange Sensex was up by 104.58 points, or 0.57 per cent, at 18,336.65 in opening trade on Tuesday.