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

LD RUPEE

Mumbai, Sep 13 (PTI) Moving in sync with strong equities,
the Indian rupee Monday 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 867.3 million in the current month
till September 9 after pumping in nearly a massive USD 2.4
billion in August.
Persistent selling of dollars by banks and exporters too
supported the rupee to some extent. (MORE) PTI VMP
RDM


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