Rupee up 17 paise at 46.14 against US dollar

Mumbai, Dec 2 (PTI) Continuing with its gaining streak
for the third straight day, the rupee Wednesday appreciated by
17 paise to touch one-week high at 46.14 against the US
currency in opening trade on hopes of continued capital
inflows into equity market.
Dollar's losses versus other Asian currencies also
supported the local unit.
At the Interbank Foreign Exchange (Forex) market, the
local currency rose 17 paise to 46.14 a dollar, its highest
since November 26. The rupee had closed 20 paise up at
46.31/32 in the previous session after the BSE benchmark
Sensex recorded sharp gains.
Forex dealers said expectations of increased capital
inflows into domestic equities by foreign funds bolstered
rupee sentiment.
Further, dollar's weakness against other Asian
currencies, continued to support the domestic unit, they
added.
The benchmark Sensex had gained 272.05 points,
or 1.61 per cent in Tuesday's trade. PTI SUN
RDM