Rupee appreciates to 49.59 per dollar

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Rupee appreciates to 49.59 per dollar
The partially convertible Indian rupee gained 20 paise to Rs 49.59 per dollar on the Interbank Foreign Exchange on Tuesday due to persistent foreign fund inflows.

The Indian rupee gained confidence after euro and other currencies posted gains against US dollar. The rupee sentiment was boosted by weaker dollar and positive opening in domestic stock market.

The Indian rupee opened at 49.59 per dollar versus 49.79 yesterday.. At 11.34 am IST, rupee was seen trading at 49.68

Meanwhile, the BSE was seen trading higher at 17033.60 up by 170.30 points or 1.01% and the 50-share NSE was at 5138.45  up by 51.15 points or 1.01%.

Read more about: currency, dollar, euro
Story first published: Tuesday, January 31, 2012, 11:44 [IST]
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