The rupee is seen edging higher early on Wednesday, tracking gains in other Asian units, with the domestic stock market opening expected to provide cues on foreign fund flows. * Most Asian currencies were stronger than the US dollar on Wednesday. * At 0334 GMT, the index of the dollar against six major currencies was down 0.21% at 80.549 points. * The MSCI index of Asian stocks ex-Japan was up 0.15%, while the Nifty India stock futures traded in Singapore was up 0.09%. * Foreign funds had dumped a net USD 588.61 mn worth of shares in this month until Monday. Total net foreign fund inflows so far in 2010 stand at USD 28.4 bn, on top of the USD 17.5 bn invested last year. * The euro continued its slow descent on Wednesday as a steady drip of grim ratings news eroded confidence in the single currency, dragging it to record lows on the Swiss franc and Australian dollar. * The partially convertible rupee had ended at 45.225/235 per dollar on Tuesday, off the day's high of 45.15, but 0.5% stronger than Monday's close of 45.47/48.

Source