MUMBAI, Dec 17 (Reuters) - The Indian rupee traded close to one-month highs in afternoon trade on Wednesday, buoyed by the Fed rate cut and broad weakness in the dollar against other major currencies overseas. * At 2:10 p.m., the partially convertible rupee was at 47.32/35 per dollar, stronger than its previous close of 47.92/93. It touched a high of 47.22, the highest since Nov. 10. * Dealers said they were also watching the stock markets for cues on fund flows. India's main share index .BSESN was down more than 2 percent. See [.BO]. * The dollar dipped towards 13-year lows against the yen and hit 2-½ month lows versus the euro on Wednesday after the U.S. Federal Reserve slashed interest rates. [USD/]. * The U.S. Federal Reserve on Tuesday broke into uncharted territory as it chopped benchmark interest rates to as low as zero and pledged to use "all available tools" to turn back a deepening recession. [ID:nN16593807]. (Reporting by Swati Bhat; Editing by Ramya Venugopal)

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