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Tuesday August 18, 10:18 AM
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Source: Financial Express
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Rupee appreciates to 48.86 against dollar
The Indian rupee strengthened by 9 paise against the US currency in the opening trade on Tuesday on dollar selling by exporters.
At the Interbank Foreign Exchange (Forex) market, the domestic unit gained 9 paise to quote at 48.86 a dollar over the previous close.
Dealers said dollar selling by exporters and hopes of fresh capital inflows by foreign funds into equity markets, mainly supported the Indian rupee.
On Monday, the rupee fell by 71 paise to close at one-month low of 48.95/96 as the BSE Sensex (^BSESN : 16632.01 -222.92
) tanked 626.71 points in line with melting global markets.
