* Stocks crucial for providing direction on capital flows
* Dollar slips against majors but support seen (Updates to early trade)
MUMBAI, Nov 11 (Reuters) - The Indian rupee was largely steady on Wednesday as the dollar’s drop against major currencies was partly offset by mixed cues from regional stock markets.
At 9:15 a.m. (0345 GMT), the partially convertible rupee INR=IN was at 46.52/53 per dollar, little changed from its Tuesday's close of 46.50/51.
“The dollar is slightly weaker but not much, equity markets would be the factor to watch out for today,” a dealer with a private bank said, predicting a range of 46.45 to 46.70, for the day.
The dollar slipped on Wednesday, but managed to avoid a break of recent 15-month lows on a basket of currencies as investors paused for breath after a recent spike in the euro and higher-yielders. [USD/]
The index of the dollar .DXY against six major units was 0.1 percent lower.
At 0345 GMT, the MSCI index .MIAPJ0000PUS of Asian stocks ex-Japan was 0.4 percent higher, while the Nifty India stock futures SINc1 traded in Singapore were up just marginally, pointing to a tepid start to the local sharemarket.
Foreigners have bought a net $14.5 billion of shares so far in 2009, after selling more than $13 billion last year. The inflows have helped the rupee recover from its record low of 52.2 hit in early March.
One-month offshore non-deliverable forward contracts PNDF were quoting at 46.50/55, little changed from the onshore spot rate. (Reporting by Swati Bhat; Editing by Ranjit Gangadharan)