The rupee on Friday gained 29 paise to close at the one-week high of 45.79/80 against the U.S. currency on renewed capital inflows and a weak dollar overseas.
Fresh dollar selling by exporters too boosted the rupee sentiment.
At the Interbank Foreign Exchange (Forex) market, which opened after two days holiday on August 31 and September 1, the domestic unit opened higher at 45.98/99 a dollar from last close of 46.08/09. Later it fell to the day’s low of 46.00.
However, smart rally in local equities amid dollar selling by exporters helped the rupee to rebound to settle the day at 45.79/80, exhibiting a rise of 0.62 per cent.
The benchmark Sensex on Friday firmed up by 144.71 points or 0.87 per cent, taking a total rise of 972.63 points or 6.13 per cent in three-session of gaining streak.
Dollar selling by exporters near 46-level also aided the rupee rise.
Foreign Institutional Investors (FIIs) bought shares worth $253.18 million on August 29 and 30, after pulling out nearly $2 billion in straight ten trading days between August 12 and 26.
