Rupee rises by 13 paise at 48.75 dollar in opening trade

Mumbai, Sep 7 (PTI) The Indian rupee strengthened by
12 paise against the US dollar in opening trade Monday on
expectations of more capital inflows as market may open
higher in line with other firming Asian markets.

Dollar selling by exporters also supported the Indian
rupee.

At the Interbank Foreign Exchange (Forex) market, the
domestic unit appreciated by 12 paise to quote at 48.76 a
dollar over the previous close. The Rupee ended 3 paise higher
at 48.88/89 on Friday.

Forex dealers said hopes of increased capital inflows, as
markets may open with strength, taking cues from other firming
Asian markets which are up over 1.5 per cent in the the
morning trade and dollar selling by exporters, mainly boosted
the rupee sentiment.
Meanwhile, the BSE Sensex ended 1.89 per cent higher on
Friday. PTI SUN
SDE