Indian rupee edged higher against the greenback, underpinned by gains in Asian shares and the dollar`s weakness against major currencies.
At 9:06 a.m., the partially convertible rupee was at 47.8950/9050 a dollar, compared with the previous close of 47.9550/9650.
Asian stocks fell, led by commodity producers, as oil and metals prices rallied after a weaker dollar boosted demand for alternative investments and on expectations the Group of 20 will continue to stimulate growth. Hong Kong`s Hang Seng index declined 73.62 points, or 0.33%, to trade at 21,628.99.
The 30-share index, BSE Sensex opened with a gain of 19.07 points, at 16,905.50 on Wednesday.
