Rupee up 10 paise, ends at 46.21/22 against dollar

Mumbai, Nov 16 (PTI) The Indian rupee Monday closed
higher by 10 paisa at 46.21/22 against the US dollar, after
hitting a one-month high of 46 a dollar in early trade,
supported by a rise in equity market and a fall in the
greenback overseas.
Dealers at the Interbank Foreign Exchange (forex) market
said the rupee strengthened as local stocks rallied sharply,
raising hopes of more capital inflows. The benchmark Sensex
today gained 184 points to close above the 17,000-point level.
Besides, dollar's weakness against major world currencies
helped the local unit to move upward.
They said the domestic
currency also drew support from increased dollar sales by
exporters.
The rupee touched a one-month high of 46.00 against
dollar this morning after opening firm at 46.12/13 a dollar
against the last weekend's close of 46.31/32 per dollar.
Later, it closed at 46.21/22 against the US dollar.
Meanwhile, oil was higher at USD 77.06 a barrel in Asian
trade as investors bought into commodities, including crude,
on the back of a weak dollar, analysts said. (MORE) PTI