MUMBAI: The rupee strengthened on Monday, boosted by gains in other Asian currencies and domestic shares. * At 2:20 p.m., the partially convertible rupee was at 46.170/175 per dollar, after hitting a high of 46.06, versus Friday's close of 46.30/31. * Indian shares were trading 0.7 percent higher, while the South Korean won and Indonesian rupiah led Asian currencies higher on Monday as risk appetite rose on talk of a quick bailout for Greece and reduced expectations of an earlier-than-expected U.S. rate hike. * The dollar slipped on Monday as investors reassessed the chances of a earlier-than-expected interest rate hike by the Federal Reserve, while the euro was lifted by speculation of a quick bailout for Greece. * The index of the dollar against six majors was down 0.1 percent. * Support for the rupee is seen at 46.00, traders said, adding that the rupee could go to 45.80 if this breaks. * One-month offshore non-deliverable forward contracts were quoting at 46.15/25, little changed from 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 quoting at 46.1775.

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