Following a jump in the shares of the domestic firms, the Indian rupee strengthened on Friday to climb at a three month high level.

It is to be mentioned here that the jump in the rupee has also raised the expectations of the foreign fund inflows as the weakness seen in the dollar is also supporting the sentiment at this hour.

While the Indian rupee jumped to 45.96/97 per dollar nearly about 11 AM, after touching the level of 46.95, its highest since June 22, the level was even above the previous high of 46.14/15 close on Thursday.

It may be noted here that an assistant general manager and forex trader at a state-run bank recently said that the main reason for the strengthening in rupee is mostly because of the capital flows.

In fact, the trader also said that the level of 46.00 is looking like a small support for the rupee as of now.

For the record, the shares at the domestic bourses filed a rise of over 1% with companies like Reliance Industries and Infosys standing at the pole position.