The Indian rupee rose on Wednesday morning, supported by a weaker dollar overseas and traders said they would await the opening of local
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At 9:01 a.m., the partially convertible rupee was at 48.28/29 per dollar, stronger than Tuesday's close of 46.37/38. The dollar fell to its lowest in seven weeks versus the yen on Wednesday. The dollar index against six major currencies was down about 0.1 percent.
India's benchmark BSE share index shed 0.3 percent on Tuesday, but is up more than three-quarters this year on foreign portfolio buying of about $15.3 billion. The inflow has helped the rupee recover from a record low of 52.2 per dollar in early March.
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