The Indian rupee climbed against the U.S. dollar in evening deals on Friday as regional stocks rose on the back of easing wholesale prices in January.
Inflation as per the wholesale price index dropped to 5.05 percent in the beginning of 2014 from 6.16 percent in December, provisional figures from the Ministry of Commerce and Industry showed. Economists were looking for a modest slowdown to 5.6 percent.
The benchmark S&P BSE Sensex ended up 173.47 points or 0.86 percent at 20,366.82, while the broader CNX Nifty index gained 47.25 points or 0.79 percent to finish at 6,048.35
The rupee advanced to 61.925 against the greenback from yesterday's close of 62.4255. The rupee may face resistance at the 61.5 zone.
