Mumbai, September 08: The Indian rupee bounced back by 21 paise to 46.63/64 against the US dollar today amid renewed dollar selling by banks and exporters as the American currency fell to a 15-year low against the Japanese yen.
Forex dealers said sustained capital inflows also helped the rupee recovery.
At the Interbank Foreign Exchange, the domestic currency opened slightly better at 46.82/83 a dollar from its previous close of 46.84/85. It later improved further to a high of 46.62 before ending at 46.63/64 a dollar.
A forex dealer said that some banks and exporters were selling dollars on expectations of a further fall in the American currency. The dollar hit a 15-year low against yen in London today and the dollar index of six major currencies was down over 0.1 per cent.
–Agencies