MUMBAI Jan 30 (Reuters) - The Indian rupee rose to its highest level in more than three months on Wednesday on the back of dollar inflows for upcoming share sales and positive sentiment from a stronger euro.
At 3:30 p.m. (1000 GMT), the partially convertible rupee was at 53.3550/3650 per dollar, its strongest since Oct. 23, 2012 and stronger than its close of 53.76/77 on Tuesday.
Traders said exporters were also seen selling the greenback of expectations of a stronger rupee in the near-term. India's ministerial panel approved selling a 10 percent stake in Oil India on Feb. 1, the oil secretary said. (Reporting by Swati Bhat; Editing by Rafael Nam)
Trending On Reuters
Nepalese officials scrambled on Monday to get aid from the main airport to people left homeless and hungry by a devastating earthquake two days earlier, while thousands tired of waiting fled the capital Kathmandu for the surrounding plains. Full Article