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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
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 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 rises 11 paise
September, 03rd 2009

The Indian rupee strengthened by 11 paise against the US currency in opening trade on Thursday on dollar selling by exporters. 

Weak dollar against other currencies and hopes of fresh capital inflows by foreign funds into equity markets also supported the Indian rupee.

At the Interbank Foreign Exchange (Forex) market, the domestic unit appreciated by 11 paise to quote at 48.85 a dollar over the previous close. Yesterday, the rupee closed 7 paise higher at 48.96/97 in volatile trade.

Forex dealers said dollar selling by exporters and fresh capital inflows in line with firming trends on other Asian markets, mainly boosted the rupee sentiment. A weak dollar overseas also supported the rupee.

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