Indian currency on Friday (June 18) surged twelve paise to mark its closure at a month's high of 46.17 against the US currency on selling of greenbacks by exporters.

Dealers at the Interbank Foreign Exchange (FOREX) stated the dollar's weakness overseas actuated selling in the US currency by exporters and helped counterbalance a fall in local share prices.

During in the opening trade (on Friday), the Indian unit zoomed 9 paise to 46.20 on selling pressure on the greenback by exporters and others.

The strong Euro also encouraged the rupee sentiment.

The central banking institution (RBI) fixed the reference rate at Rs 46.14 per US Dollar, slashed by 36 paise, as compared to its last closure at 46.50 per USD.

But, the Euro gained nine paise to Rs 57.18 per unit, as against its last closure at Rs 57.09 per unit.

In the meantime, dollar's six-month forward premium was recorded higher at 3.45/47 (3.48/50) per cent and one-year premium was also stronger at 2.92/94 (2.95/97) per cent.

Indian currency closed against Euro at 57.11/13 (57.27/29) per unit, Pound sterling at 68.28/30 (68.52/54) per unit and Yen at 50.92/94 (50.82/84) per 100 units. (With Inputs from Agencies)