Mumbai, June 11: The rupee today strengthened by another 12 paise to end at 46.83/84 against the US dollar on sustained selling of the US currency by exporters and banks, amid firm equity markets.
The rupee resumed lower at 47.03/04 per dollar, but recovered immediately to quote 21 paise higher at 46.74/76 in early trade. Later in the day, moving in line with equity markets, it pared some of the gains before closing 12 paise higher at 46.83/84 per dollar.
Persistent rise in the equity markets mainly boosted the rupee on expectation of inflow of foreign funds, a dealer said.
The benchmark Sensex rose by another 143 points to end above the psychological 17,000 mark at 17,064.95 points.
Industrial output rose much faster than expected at 17.6 per cent in April 2010 from a year earlier on strong consumer demand and government spending.
—Agencies