INR rises

The Indian rupee strenghtened in opening deals on Friday supported by the dollar's weakness against major currencies overseas, with gains in other regional shares also underpinning sentiment.
* At 9:20 a.m. the partially convertible rupee was at 51.68/70 per dollar, above its Thursday's close of 51.88/90.
* However, dealers said dollar demand from importers and oil refiners could put pressure on the rupee later in the day.
* Most Asian markets were higher with the Nikkei .N225 gaining 4.6 percent at 0340 GMT, Hang Seng .HSI up 3.7 percent and Shanghai Composite Index .SSEC rising 0.7 percent. Singapore Nifty SINc1 was 3.9 percent higher, indicating a strong opening in the local market.
* The dollar index .DXY, a guage of the U.S .unit's performance against the majors, was down 0.2 percent.

Source : in.reuters.com/article/domesticNews/idINBOM46159020090313