FOREX UPDATE

The Indian rupee gained 20 paise against the US Dollar to 46.30 in early trade today.

The gain is mostly due to the sale of Dollars by Banks and exporters who were hoping for capital inflow in the market with the recovery in equity markets.

The rupee had closed at 46.50/51 against the dollar last weekend. It opened higher at 46.42/43 against the dollar, today and then rose to 46.30 before reaching at 46.34/35 at 1030hrs. In the early morning trade the rupee revolved between 46.30 and 46.45 against the dollar.