MUMBAI: Rupee was rangebound in afternoon trade on Wednesday, tracking seesawing local share prices.
At 3:00 p.m., the partially convertible rupee was at 46.27/28 per dollar, off a high of 46.1750 and marginally above its previous close of 46.30/31.
India's main share index eased in a choppy trading session, which had seen it opening weaker and then edging higher earlier in the day.
Foreigners have bought more than $15 billion worth of shares so far in 2009, after selling more than $13 billion last year. The inflows have helped the rupee recover from a record low of 52.2 in March.
One-month offshore non-deliverable forward contracts were quoting at 46.20/30 per dollar, near the onshore rate.
In currency futures, the most traded near-month contracts on National Stock Exchange and MCX-SX were at 46.2550 and 46.26 respectively.
