Rupee hits three-week high, rises 6 paise at 46.39 a dollar

Mumbai, Nov 10 (PTI) Continuing with its rising streak
for the fifth day, the rupee appreciated by 6 paise in early
trade Tuesday to hit a three-week high at 46.39 against the US
dollar, supported by firming Asian stocks.
However, dollar demand from oil refiners, restricted
gains.
At the Interbank Foreign Exchange (Forex) market, the
local unit strengthened by 6 paise to 46.39, highest since
October 21. The Indian rupee Monday ended 35 paise higher
at 46.45/46.
Forex dealers said expectations of more capital inflows
by foreign funds into local markets, which are likely to move
upwards in tandem with other Asian markets, supported the
Indian rupee.
Among the Asian bourses, Japan's benchmark Nikkei-225
index climbed 161.11 points, or 1.64 per cent, in early trade,
while Hong Kong's Hang Seng index rose by 334.66 points
Tuesday morning.
The BSE Sensex has notched up over 1,093 points in the
past four trading sessions. PTI