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RTRS:Rupee trading higher on strong local stocks
 
Reuters Market Eye - The rupee edges up tracking gains in the BSE Sensex which tops 21,000 for the first time in nearly three years. The USD/INR pair is at 61.40/41, off 61.69 lows. The unit closed at 61.59/60 per dollar on Wednesday.

Strong shares lead to hopes of more foreign fund inflows, say dealers.

Lower dollar offshore also leading to selling onshore, says a dealer.

Foreign funds extend buying in local stocks for a 14th session, being provisional buyers of $104.7 million on Wednesday, exchange data showed.

Rally risk continues to rise with another dip to test key 50 percent fibonacci support at 61.17 gets bought on Wednesday.
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