Indian currency continued to register gain on Friday, gaining 90 paise to 46.39 a dollar as the greenback shed all its gains against major currencies and strong environment in equity markets.

The market was closed for 'Buddha Purnima' yesterday.

According to traders at the Interbank Foreign Exchange (FOREX), the rupee gained 59 paise to 46.70 versus the US currency in the morning trade on account of strong reactions in the Indian bourses.

Afterward, the local unit moved in a wide range and hit an intra-day high of 46.76 and an intraday low of 46.32.

Indian rupee gained 90 paise to 46.39/40 as against its last closure of 47.29 per USD.

The local unit has rallied by Re 1.30 paise in the last couple of days.

In the meantime, dollar's six month forward premium was recorded higher at 2.50/52 (2.35/37) per cent and one-year premium was also stronger at 2.12/14 (2.02/04) per cent.

The rupee closed against Euro at 57.53/55 (58.25/27) per unit, Pound sterling at 67.64/66 (68.04/06) per unit and Yen at 51.78/80 (52.33/35) per 100 units. (With Inputs from Agencies)