MUMBAI 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)
Trending On Reuters
India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users. Full Article