The Indian rupee climbed to a 5-month high on Wednesday boosted by rising dollar inflows into equities, and traders said it could further appreciate if the euro extended gains.
Data from the market regulator showed foreign funds bought $2.5 billion of shares since the start of March, after being net sellers in January and February.
At 11:30am (0600 GMT), the partially convertible rupee was at 44.2500/2525 per dollar, after touching 44.23, its strongest since November 5. It had closed at 44.42/43 on Tuesday.
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