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Rupee up 17 paise in early trade

The Indian rupee turned stronger after a brief break yesterday and was quoted higher at 48.25 against the greenback in early trade today on the back of bullish equity markets and dollar sales.

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The Indian rupee turned stronger after a brief break yesterday and was quoted higher at 48.25 against the greenback in early trade today on the back of bullish equity markets and dollar sales.

In fairly active trade at the Interbank Foreign Exchange (forex) market, the domestic currency resumed higher at 48.38/40 a dollar and later surged to 48.25 level before being quoted at 48.32/34 a dollar in late morning deals.

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