The Indian rupee appreciated against dollar to trade at 50.32 against the US currency in early trade today, snapping a four-day weak trend, on hopes of fresh capital inflows by foreign funds.
However, a month-end dollar demand from refiners capped rupee's gains to some extent.
At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted 13 paise higher at 50.32 a dollar.
Forex dealers said a positive trend in the Asian equity markets raised expectations of fresh capital inflows by foreign funds into the domestic stock markets, mainly supported the rupee.
