The Indian rupee rose by 15 paise against the US currency in early trade on expectations of capital inflows by foreign funds.
At the Interbank Foreign Exchange (Forex) market, the local unit, which breached the 50-mark in intra-day trade after nearly two weeks and closed at 49.77 yesterday, moved up by 15 paise at 49.62 a dollar.
Forex dealers said the domestic bourses are expected to open on a strong note today in line with other Asian stock markets, thus leading to capital inflows by foreign funds.
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