Rupee inches up further by two paisa Vs dollar

Mumbai, Sep 18 (PTI) In line with the small rise in equity
markets, the Indian rupee inched up by two paisa to close at
48.13/14 against the US dollar to complete the four-day
winning streak.
A marginal rise in dollar against its major rivals in the
overseas market from its one-year low impacted negatively
on the rupee in early stages.
The domestic unit managed to rebound to a high of 48.09
before settling the day at 48.13/14 a dollar on the back of
recovery in equities.
Sustained capital inflows too supported the rupee rise.
Foreign Institutional Investors (FIIs) pumped in over USD 1.7
billion in nine trading sessions since September 7, according
to provisional data.

The global crude oil prices was hovering near USD 72.00 a
barrel in London Friday.

In quite trade at the Interbank Foreign Exchange (Forex)
market, the local currency opened lower at 48.25/26 a dollar
as against overnight close of 48.15/16 and touched a low of
48.27 as the Indian benchmark Sensex was down by over 100
points in late morning deals.

The Sensex today ended up by over 30 points or 0.18 per
cent, stretching gains for the fourth straight day. MORE PTI