MUMBAI (Reuters) - The rupee rose on Friday as steps announced by euro zone policy makers to limit any spill over of the region's debt crisis into the banking system improved risk appetite and pushed euro, shares higher. * At 9:16 a.m., the partially convertible rupee was at 49.02/03 per dollar, stronger from Wednesday's close of 49.34/35. The market was closed on Thursday for a local holiday. * The euro was at $1.3429, higher than $1.3326 at the end of rupee trade on Wednesday, while the index of the dollar against six major currencies was down 0.07 percent at 78.582 points. * The local benchmark share index rose more than 3 percent in early trade. * Bank of England launched a second round of quantitative easing to defend Britain's faltering economy on Thursday and the European Central Bank threw another lifeline to commercial banks by renewing offers to lend them one-year funding in two operations, this month and in December. (Reporting by Aditya Phatak; Editing by Subhadip Sircar)
