Mumbai, Feb 15 (PTI) The Indian rupee today appreciated by 18 paise to 46.32/33 against the US dollar on the back of heavy dollar sell-off by exporters amid weak equities.
Forex dealers said heavy dollar selling by exporters on expectations of fall in the greenback overseas helped the rupee rise.
Lack of any direction from Asia as well as US also supported the rupee to some extent, they added.
Expectations of fresh capital inflows too led the rupee rally. Foreign Institutional Investors (FIIs), after several days of selling, turned net buyers on February 11 as per SEBI provisional data.
At the Interbank Foreign Exchange (Forex) market, the local unit it moved in a range of 46.2850 and 46.45 before concluding the day at 46.32/33 a dollar.
Most Asian markets were closed today for Lunar New Year Holidays while US market too remain closed today for President day.
Source : PTI