Rupee up 2 paise Vs US dollar

Mumbai, Oct 26 (PTI) The Indian rupee rose marginally by
2 paise per US dollar at 46.48 in opening trade Monday, on
hopes of higher capital inflows from foreign funds as the
domestic stock market may open higher tracking the firm trend
in the Asian markets.

The US currency's weakness against other rival units
also supported the rupee.
At the Interbank Foreign Exchange (Forex) market, the
local currency, which had ended firm on Friday as well,
appreciated by 2 paise to 46.48. The rupee had closed 24 paise
higher at 46.50/51 against the US unit in the previous session
due to dollar's weakness overseas.
Forex dealers said expectations of increased capital
inflows by foreign funds into equity markets in line with
firm trend trends on the other Asian markets mainly supported
the Indian rupee. PTI SUN
ANU


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