II:Rupee up on strong Asians, local shares, euro recovery
MUMBAI (Reuters) - The rupee strengthened on Tuesday after dipping to a week-low in the previous session in tandem with positive domestic equities, a stabilising euro and strong Asian currencies. * At 9:24 a.m., the partially convertible rupee was at 44.79/80 per dollar versus last close of 44.86/87. So far in the day, it has moved in 44.7850-44.8400 range and is expected to hold in 44.75-44.90 range during trading hours. * The euro was at $1.4431, versus $1.4379 at close of local forex trade on Monday, and the index of the dollar against six major currencies was at 74.406 points from 74.631. * The euro pulled up from near a record low against the Swiss franc on Tuesday after Chinese inflation figures provided some relief that the country would not get more aggressive on tightening policy, providing a broad boost to risky assets. * Indian shares rose over 0.4 percent in early trade on Tuesday, with banks leading the rise, taking cues from strong Asian markets. (Reporting by Aditya Phatak; Editing by Harish Nambiar)