Rupee gains 18 paise against dollar

The partially convertible Indian rupee gained 18 paise to Rs 49.02 per dollar on the Interbank Foreign Exchange amid persistent foreign capital inflows.

Rupee generally follow the footsteps of Euro, if euro is rising against the dollar, same trend can be visible in the Indian currency as well. The Indian rupee gained confidence after euro and other currencies posted gains against US dollar.

The Indian rupee opened at 49.04 per dollar versus 49.20 yesterday. At 11.20 am IST, rupee was seen trading at 49.06 up by 15 paise.

Meanwhile, the BSE was seen trading higher at 17749.39 up by 126.94 points or 0.72% and the 50-share NSE was at 5376.40 up by 41.25 points or 0.77%.

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