30 May '11, 6am

Rupee appreciates by 4 paise against US dollar in early trade: Exchange on Monday, largely in line with other st...

Mumbai, May 30 (PTI) The Indian rupee appreciated by 4 paise to Rs 45.12 per dollar at the Interbank Foreign Exchange on Monday, largely in line with other stronger Asian currencies overseas and a higher opening in the stock market. The rupee had appreciated by 14 paise to close at a one- -week high of 45.16/17 in Friday''s trade against the US currency on the back of a smart rally in local equities amid a weak dollar overseas. Forex dealers said firming Asian currencies against dollar and higher opening in the stock market kept rupee sentiment firm against the American currency. Meanwhile, the Bombay Stock Exchange Sensex was up by 104.33 points to 18,370.43 in opening trade on Monday.

Full article: http://sg.news.yahoo.com/rupee-appreciates-4-paise-agains...

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