Mumbai, September 24: The rupee today appreciated by a whopping 40 paise to close at a fresh more than four-month high against the US currency on firm equities amid sustained capital inflows.
In fairly active trade at the Interbank Foreign Exchange (Forex) market the domestic unit closed at 45.25/26 a dollar, displaying a smart rise of 0.88 per cent or 40 paise over the last close.
Heavy dollar selling by banks and exporters following weakness in American currency overseas aided the rupee sentiment, a forex dealer said.
The dollar index, consisting six major currencies, was down by nearly 0.5 per cent.
Smart rise in local stocks helped the rupee to rebound to more than four-month highs, dealers said.
The benchmark Sensex, after two days of selling, bounced back with a vengeance to conclude higher by over 184 points or 0.93 per cent.
–Agencies