Rupee trades at 40.80/81 in early day trade

Mumbai, May 17: Rupee was seen trading strong in the morning session at 40.80/81 against dollar. The domestic unit is expected to be strong in the ensuing sessions on account of strong capital inflows, said dealers.

At 0945 hrs today the partially convertible rupee was trading at 40.80/81 per dollar, just off previous close of 40.78/79.

The rupee has gained more than eight per cent against the dollar this year, dealers added.

UNI