Extending the previous day''s gains, the Indian rupee appreciated by 12 paise at 48.51 against the US dollar in early trade on Thursday on the back of hopes of increased capital inflows by foreign funds as markets may open notably higher in line with firming Asian bourses. At the Interbank Foreign Exchange (Forex) market, the rupee was quoted higher at 48.51 a dollar, a gain of 12 paise over the previous close of 48.63.
The rupee gained 33 paise in the previous day. The forex dealers said that the rupee continued to draw support from a sharp rally in local stocks and weakness in the dollar against the other currencies in global markets.
The rupee gained 33 paise in the previous day. The forex dealers said that the rupee continued to draw support from a sharp rally in local stocks and weakness in the dollar against the other currencies in global markets.
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