Rupee rises 44 paise to 79.30 against U.S. dollar in early trade
The Hindu
At the interbank foreign exchange, the rupee opened sharply up at 79.32 against the dollar
The rupee appreciated 44 paise to 79.30 against the U.S. dollar in the opening trade on Wednesday, mainly on account of foreign fund inflows.
Besides, a positive opening in the domestic equities amid moderating inflationary pressures boosted investor sentiments, according to forex dealers.
At the interbank foreign exchange, the rupee opened sharply up at 79.32 against the dollar, then gained further ground to 79.30, registering a rise of 44 paise over the last close.
In the previous session on Friday, the rupee depreciated 12 paise to close at 79.74 against the U.S. dollar.
Forex markets were closed on Monday and Tuesday for Independence Day and Parsi New Year, respectively.
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