Rupee rises by 18 paise to 48.45 a dollar in opening trade

Mumbai, Sep 16 (PTI) The Indian rupee strengthened by 18
paise against the US currency in the opening trade Wednesday
as exporters sold the dollar, which weakened against major
currencies.

At the Interbank Foreign Exchange (Forex) market, the
domestic unit appreciated by 18 paise to 48.45 a dollar.

Tuesday, the rupee closed 9 paise higher at 48.6350/6450.

Dealers said dollar selling by exporters and expectations
of more capital inflows into equity markets in line with
firming trends on other Asian markets, which were up by 1.64
per cent in the morning trade, mainly boosted the rupee
sentiment.

The dollar fell against other currencies which also
supported the Indian rupee. PTI