The Indian rupee appreciated by 15 paise at 48.37 in early trade today on increased $ sales by exporters amid expectations of capial inflows by funds as market may open higher in line with firming trends on the other Asian equity markets.
At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted higher at 48.37 a $ a gain of 15 paise over the previous close of 48.52/53.
Forex dealers said anticipation of the markets to open strong and exporters' dollar selling, buoyed the rupee sentiment.