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Rupee appreciates to 48.68 against dollar

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Reuters

Posted: Feb 06, 2009 at 1019 hrs IST
Rupee

Mumbai The rupee edged higher early on Friday, supported by the dollar's weakness against some Asian currencies and hopes for a firm opening in stocks.

At 9:15 a.m., the partially convertible rupee was at 48.68/69 per dollar, stronger than Thursday's close of 48.77/78.

The dollar slipped against the yen on Friday in cautious trade before key jobs data that is expected to paint an even bleaker picture of the US labour market.

Asian stocks rose for a fourth day on Friday, with investors awaiting a vote on a massive US stimulus package.

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