Rupee higher as Asia forex gains, stocks rise

Tags: Rupee, News
The rupee is trading at 59.94/95 versus its Monday's close of 60.11/12, tracking gains

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in most other Asian units versus the greenback.

Bunched-up flows after a local holiday on Tuesday weighed on the pair.

Local shares were trading up 0.45 percent and will be watched for cues on foreign fund flows.

The dollar languished at three-week lows against a basket of major currencies on Wednesday, having broken decisively lower as the yen squeezed higher and even the euro gained a tailwind.

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