Rupee gains 7 paise against dollar in early trade

Mumbai, Dec 31 (PTI) The Indian rupee Thursday gained 7
paise against the US currency in early trade on hopes of fresh
capital inflows into stock markets in line with firming trends
on other Asian markets.

At the Interbank Foreign Exchange (Forex) market, the
local unit appreciated by 7 paise to 46.67 a dollar. The
rupee had ended 8 paise lower at 46.74 in last trading.
Dealers said expectations of fresh capital inflows into
domestic equities by foreign funds which may open higher in
tandem with other Asian markets which were up over one per
cent in early trade, mainly supported the Indian rupee.
However, dollar's firmness against other currencies
capped the gains. PTI RS
RDM


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