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 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

Rupee gains 16 paise against dollar
April, 20th 2010

The Indian rupee appreciated by 16 paise to 44.57 a dollar in early trade today on the back of fresh capital inflows by foreign funds into equities.

At the Interbank Foreign Exchange (Forex) market, the rupee strengthened by 16 paise to 44.57 a dollar. The domestic currency had closed 41 paise lower at 44.73/74 in the previous session.

Forex dealers said the rupee strengthened against the US currency on fresh capital inflows by foreign funds into equities and dollar selling by banks, but gains were limited ahead of the RBI's credit policy.

Meanwhile, the Bombay Stock Exchange benchmark Sensex, after a five-session downward march, recovered by 94.36 points, or 0.54 per cent, to 17,495.04 in opening trade today.

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