The Indian rupee strengthened by 12 paise against the $ in opening trade today on expectations of more capital inflows as market may open higher in line with other firming Asian markets.

Dollar selling by exporters also supported the Indian rupee.

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Forex dealers said hopes of increased capital inflows, as markets may open with strength, taking cues from other firming Asian markets which are up over 1.5 per cent in the the morning trade and dollar selling by exporters, mainly boosted the rupee sentiment.

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