Rupee soars 32 paise to 46.88 against dollar

RUPEE

Mumbai, Oct 30 (PTI) The Indian rupee strengthened by 32
paise at 46.88 a dollar in early trade Friday following
dollar's weakness against other Asian currencies.

Expectations of fresh capital inflows into the domestic
equities, which may open sharply higher in tandem with other
Asian markets also supported the Indian rupee.
At the Interbank Foreign Exchange (Forex) market, the
local unit strengthened by 32 paise to 46.88 a dollar. The
rupee ended 14 paise higher at 47.20/21 in Thursday's volatile
session.
Dealers said that the US currency weakening against
other Asian units, expectations of a strong opening of the
equity markets in line with firming trends in the Asian
markets and dollar selling by exporters gave a boost to the
rupee sentiment. PTI SUN
ANU


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