The Indian rupee strengthened by 12 paise against the US dollar in opening trade on Monday on expectations of more capital inflows as market may open higher in line with other firming Asian markets.
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 morning trade and dollar selling by exporters, mainly boosted the rupee sentiment.
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