Indian rupee climbed as positive Asian equities added to speculation that the record low US interest rates would fuel demand for higher yielding assets.
The partially convertible rupee stood at 47.355 against the dollar; appreciating up to 0.70% from its previous close of 47.67/69.
Asian stocks gained, led by financial and transportation companies, after UBS AG recommended investors buy Mitsubishi UFJ Financial Group and a slump in oil prices signaled lower fuel costs.
