MUMBAI: The rupee extended gains in afternoon trade on Tuesday tracking a largely weaker dollar overseas and also boosted by gains in the domestic sharemarket. At 3 p.m., the partially convertible rupee was at 46.65/66, stronger than its close of 46.83/84 on Monday. Dealers said there was also some exporter interest in selling dollars after the sharp fall in the rupee to seven-week lows in the previous session. The index of the dollar against six majors currencies was down 0.3 per cent. Indian shares were trading about 0.8 per cent higher. One-month offshore non-deliverable forward contracts were quoted at 46.63/73, little weaker compared to the onshore spot rate. In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both at 46.69, with the total traded volume on the two exchanges at about $3.7 billion.

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