The Indian rupee appreciated marginally by 7 paise at 48.59 in opening trade today on expectations of more capital inflows by foreign funds, tracking firming trends on the other Asian equity markets amid weak US currency overseas.
Yesterday, rupee ended 3 paise lower in volatile trade after BSE Sensex ended flat.
Forex dealers said hopes of increased capital inflows by foreign funds in line with better trends on the other Asian equity markets and dollar's losses against a basket of currencies mainly supported the Indian rupee.
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