Rupee up 11 paise against USD in early trade

Mumbai, June 26 (PTI) The Indian rupee Friday appreciated
by 11 paise against the US currency in early trade on capital
inflows by foreign funds on expectation that the domestic
markets may open strong, in tandem with other global bourses.

At the Interbank Foreign Exchange (forex) market, the
domestic currency gained 11 paise to quote at 48.49 a dollar
over yesterday's close of 48.60.

In the overseas market, the dollar weakened against major
Asian currencies, influencing the rupee sentiment, forex
dealers said.

They also said anticipation that the markets would open
strong also led to the rise in the rupee.

The Indian benchmark Sensex Thursday ended lower by
77.11 points or 0.53 per cent while Asian indices gained about
1.0 per cent to 2.15 per cent after the Federal Reserve kept
its fund rate steady. PTI