Rupee up 6 paise at 48.73 a dollar in early trade

Mumbai, Aug 20 (PTI) The Indian rupee Thursday
appreciated by 6 paise against the dollar in early trade on
expectations of increased capital inflows as stock markets may
open on a strong note in line with other firming Asian
bourses.

At the Interbank Foreign Exchange (Forex) market, the
domestic unit rose by 6 paise to 48.73 a dollar. The rupee
ended 16 paise higher at 48.79/80 in the previous session. The
currency markets had remained closed Wednesday on account of a
local holiday.

Dealers said hopes of increased capital inflows as stock
markets may open higher in tandem with other firming Asian
markets, which are up over one per cent in morning trade, led
to the recovery in the local unit.

However, firm dollar overseas restricted rupee's gain to
some extent, they added. PTI