Indian rupee rose on Thursday on speculation the gains in Asian stocks would encourage global funds to trim sales of local assets.
Increased dollar selling by exporters and banks also backed up the advancing rupee.
The partially convertible rupee stood at Rs 49.89 against the dollar; appreciating upto 0.26% against its Wednesday`s close of 50.00/02.
Asian markets opened on a positive note with Hong Kong`s Hang Seng moving up 1.98%, while Japan`s Nikkei rising 0.62% in early trade, taking cues from overnight rally in the US stocks.
