The rupee was trading at 51.92 to the dollar, a rise of 24 paise over Wednesday's close. The rupee is expected to strengthen on the hopes that there could be a sharp increase in dollar flows following the government's opening up of FDI in the pension sector.
The Union cabinet is to meet today to take a decision on increasing the cap of FDI in the insurance sector and opening up of FDI in the pension sector. The hopes are these FDI measures could bring in a lot of foreign money, thus helping to strengthen the rupee.
Oil prices too have cooled off, which will ensure lesser demand for dollars for and would help the rupee further.