Mumbai, Feb 17 (PTI) Sustained dollar selling by exporters and firm local equities today helped the Indian rupee rise by 11 paise to 46.10/11 against the US dollar amid expectations of increased capital inflows.
The domestic unit commenced higher at 46.00/01 a dollar from its previous close and rose further to a high of 45.90, a level not seen since January 20, 2010 when it was traded at 45.80.
However, the rupee pared its initial gains in the later part of the day to end at 46.10/11 at the Interbank Foreign Exchange (Forex) market here.
Forex dealers said, continued dollar selling by exporters on hopes of further weakness in the American currency mainly supported the rupee.
Expectations of increased capital inflows after strong local equities also boosted the rupee sentiment, they added.
The Indian benchmark sensex today strengthened by another 202 points or 1.25 per cent.
Source : PTI