In line with the firming equity markets, the Indian rupee also rallied further by eleven paise to close at 51.40/41 against the greenback. A weak dollar overseas amid fresh capital inflows also helped the rupee rise. In two-way trade at the Interbank Foreign Exchange (Forex) market, the domestic unit resumed higher at 51.33/34 a dollar from its last close of 51.51/52 but later dipped to a low of 51.70 in afternoon trade on weakness in local equity markets, which was trading in negative terrain. However, a smart recovery from the initial downtrend in stocks led the rupee to rebound to a high of 51.31 a dollar before ending the day at 51.40/41, completing three sessions of gaining. The rupee had garnered 35 paise or 0.67 per cent on last Friday. The Indian benchmark Sensex today ended up by 186.93 points or 2.13 per cent, gaining a total 783.14 points or 9.60 per cent in three trading days since March 12. Most of the Asian indices also ended in the green on hopes that the US economic decline moderating while European markets also resumed firm. The dollar displayed a weak trend against its major rivals on stronger global stock markets.

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