Indian Rupee up by 20 paise vs dlr in morning trade

RUPEE

Mumbai, Aug 9 (PTI) The Indian rupee gained 20 paise
against the US currency in early trade on persistent selling
of dollars by banks and corporates coupled with sustained
capital inflows into equity market.
At the Interbank Foreign Exchange (Forex) market, the
local currency opened strong at 46.02/04 against its last
Friday's level of 46.15/16 per dollar and firmed up further to
45.95 a dollar at 1030 hours.
The dollar fell against the yen in Tokyo Monday, slipping
towards a 15-year low, after a disappointing US July payrolls
reports boosted talk that the Federal Reserve could consider
further easing monetary policy.
Sustained capital inflow from foreign funds into the
equity market also boosted the rupee value against the dollar.
PTI RSU
MRD


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