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Rupee opens up on dollar inflow hopes
A man uses an electronic machine to check an Indian currency note at a money exchange shop in Siliguri May 18, 2009.
Credit: Reuters/Rupak De Chowdhuri/Files
MUMBAI |
MUMBAI (Reuters) - The rupee opened up on Friday as easing worries of a funding crunch in the euro zone economies bolstered hopes for capital flows into riskier assets.
At 9 a.m. (0330 GMT), the rupee was at 51.33/34 to the dollar, stronger than Thursday's close of 51.580/585.
Asian shares rose on better-than-expected demand for Italian sovereign debt, shrugging off a rocket launch by North Korea.
(Reporting by Aditya Phatak; Editing by Ranjit Gangadharan)
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