Forex opens positive at 44.13/15 vs USD

Mumbai, Feb 26: The rupee today opened higher at 44.13/15 per USdollar as against the the previous day's close of 44.20/21 on freshselling of dollar by foreign and nationalised banks.

The domestic unit was slightly higher against the dollar supportedby strong capital inflows. However, traders braced themselves forcentral bank intervention to weaken the rupee.

Later, the partially convertible rupee was at 44.18/19 per USD, marginally higher than Friday's close of 44.20/21.

Traders said capital inflows remained strong, boosting sentimentfor the local currency. The government expects the foreign directinvestment (FDI) in the fiscal year to hit a record USD 12 billion byMarch-end. Foreign funds have bought almost USD 1 billion of localequities this month.

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