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Rupee appreciates further against dollar in early trade
Media Release
Jun. 15, 2006

The rupee continued to strengthen against the US currency, today appreciating sharply to 45.87 level in late morning deals buoyed by fairly good trade inflows and a positive turnaround in Asian equity markets.

Weak overseas advices also supported the rupee's rally. In active trade at the Interbank Foreign Exchange (Forex) market here, the Indian unit opened strong at Rs 45.90/92 per dollar from the overnight close of Rs 45.98/99 per dollar and later rallied to a level of 45.87/90 during late morning dealings.


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