The Indian rupee today gained 13 paise against the $ in early trade, on the back of losses in the US unit against major currencies and hopes of an increased capital inflow by foreign funds as markets may open higher following strong Asian cues.
At the Interbank Foreign Exchange (Forex) market, the local currency, which had ended at a one-week high of 47.11/12 on Friday, strengthened by 13 paise to 46.98 today.
Forex dealers said the greenback's weakness against other currencies and reinforced expectations of market-friendly moves, mainly supported the rupee.
Increased capital inflows in the equity markets, which are expected to open in tandem with other Asia bourses, also supported the rupee, they said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app