Rupee on fresh one-month high of 46.39/40 against dollar

Mumbai, September 13: Moving in sync with strong equities, the Indian rupee today gained nine paise to close at a fresh 1-month high of 46.39/40 against the US dollar.

At the Interbank Foreign Exchange (Forex) market, the domestic unit opened remarkably higher at 46.30/31 and moved in a range of 46.25 and 46.4150.

It later concluded the day at 46.39/40 a dollar, a level not seen since August 10, 2010.

Dealers said sustained capital inflows helped the rupee gain for three consecutive sessions. Weakness in dollar overseas also aided the rupee sentiment.

Meanwhile, the Bombay Stock Exchange benchmark sensex today zoomed 408 points to close above 19,000 for the first time in 32 months, on strong capital inflows.

Foreign Institutional Investors (FIIs), main supporter of stocks and ultimately rupee, continued their buying spree and picked up shares worth USD 867.

–Agencies