Rupee appreciates 18 paise to 48.52/dlr in early trade

Mumbai, July 10 (PTI) The Indian rupee Friday appreciated
by 18 paise to 48.52 against the US currency in early trade on
fresh dollar sales by exporters amid a slide in the American
currency against major world currencies.

In quiet trade at the Interbank Foreign Exchange (forex)
market, the domestic currency resumed steady at 48.68/70 a
dollar and later firmed up to 48.52 level before being quoted
at 48.63/64 a dollar in late morning trade.

Forex dealers said the rupee continued drew support from
weak dollar overseas and some selling by exporters at home.

The dollar dropped against major currencies in New York
Exchange yesterday.

Indian benchmark Sensex was trading in the green after
Infosys Technologies announced better-than-expected first
quarter results this morning. PTI JCG
AM
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