Rupee gains 30 paise to jump to one-year high

Mumbai, Oct 14 (PTI) The Indian rupee strengthened by 30
paise against the US currency to hit a one-year high of 46.18
a dollar in opening trade Wednesday on increased dollar
selling by exporters.

At the Interbank Foreign Exchange (Forex) market, the
domestic unit appreciated by 30 paise to quote at 46.18 a
dollar, the level not seen after September 26, 2008.

The rupee closed 8 paise down at 46.48/49 in the previous
session on Monday. The forex market remained closed Tuesday
on account of Assembly elections in Maharashtra.

Dealers said increased dollar selling by exporters and
sustained capital inflows boosted rupee sentiments.

Weakening US dollar, which dipped to 14-month lows
against a basket of currencies, also supported the uptrend,
they added. PTI SUN
DDC