MUMBAI, Nov 25 (Reuters) - The Indian rupee rose to one-week highs on Wednesday, supported by a weaker dollar overseas and higher local share prices. * At 3:00 p.m., the partially convertible rupee INR=IN was at 46.27/28 per dollar, off an intraday high of 46.2425, its strongest since Nov. 18, and stronger than Tuesday's close of 46.37/38. * The dollar fell to a seven-week low versus the yen [USD/]. The dollar index .DXY against six major currencies was down about 0.4 percent. * Expectations of no strong steps from the government to limit capital flows into the country also lifted sentiment. * India can absorb $100 billion of capital inflows, nearly double what is expected this year, before it needs to take strong restrictive measures, C. Rangarajan, chairman of the prime minister's Economic Advisory Council, told the Reuters India Investment Summit on Tuesday. [ID:nBOM105873] (Reporting by Anurag Joshi; Editing by Prem Udayabhanu) ((anurag.joshi@thomsonreuters.com; Tel: +91 22 6636 9038; Reuters Messaging: anurag.joshi.thomsonreuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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