Rupee up at 47.02/03 against dollar

Mumbai, Nov 5 (PTI) The Indian rupee Thursday recovered
its early losses and ended marginally up at 47.02/03 against
the US dollar on expectations of more capital inflows into
equity and dollar selling by exporters.
Forex dealers said despite a firm dollar overseas, rupee
appreciated on hopes of more capital inflows. The Bombay Stock
Exchange benchmark Sensex Thursday advanced further by 151.77
points or 0.95 per cent.
The rupee sentiment was also boosted by Finance Minister
Pranab Mukherjee's statement that the government will not put
any curbs on foreign inflows, they said.
Initially, the rupee dropped by 11 paise to 47.16 against
the dollar owing to some dollar demand from banks amid a firm
dollar overseas.
However, the domestic currency moved in a range of 46.99
and 47.25 during the day. It ended at Rs 47.02/03 per dollar,
up by three paise over the previous close.
Meanwhile, crude oil prices fell below USD 80 a barrel
in the overseas market. (MORE) PTI