Rupee remains stable against dollar at 39.43

The rupee remained in a tight range on lack of any major trigger and was quoted slightly better at 39.43/44 against the US dollar in late morning deals on the back of stability in equity markets.At the Interbank Foreign Exchange (forex) market, the domestic unit opened at 39.45/46 per dollar from Monday’s close of Rs 39.4450/4550 a dollar.Later, it edged up and was quoted at 39.43/44 per dollar.Dealers attributed the modest recovery in the rupee to stability in equity markets and fresh buying by Foreign Institutional Investors (FIIs), who pumped in over Rs 163.00 crore.The BSE benchmark Sensex moved up by 29 points to 18,689.41 at 10.30 am. Expectations of fresh capital inflows helped the rupee to remain steady at higher levels.Weak dollar overseas also helped the rupee, while anticipations of central bank intervention at higher levels capped the rupee's surge, they added.