Rupee up by 31 paise against USD in early trade

Mumbai, May 5 (PTI) The Indian rupee appreciated by 31
paise against the dollar in early trade Tuesday due to
increased capital inflows by funds on expectation that the
domestic equity market will open in the positive zone.

At the Interbank Foreign Exchange (Forex) market, the
local unit traded higher by 31 paise at Rs 49.61 against
the US currency.

Forex dealers said fresh capital inflow into the Indian
domestic market and dollar's weakness against other Asian
currencies, supported the rupee.

Monday, the Indian rupee had ended 12 paise higher at
49.92/94 against the greenback. PTI RS
AM
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