MUMBAI: The Indian rupee nudged higher on Wednesday afternoon supported by Asian peers and a slightly firm euro ahead of the euro zone emergency summit on Thursday.
At 1:46 p.m., the partially convertible rupee was at 44.4525/4550 per dollar, stronger than Tuesday's close of 44.49/50.
Though most dealers had expected the euro zone summit to result in a plan to tackle the region's debt crisis, German Chancellor Angela Merkel doused expectations, saying the widespread longing for a single, final solution to make the Greek crisis disappear once and for all was unrealistic.
The euro was at $1.4199 versus $1.4176 when the rupee closed on Tuesday. The index of the dollar against six major currencies was down 0.35 percent at 74.956 points.
