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

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