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RTRS:Rupee rises on local shares, euro
 
(Reuters) - The rupee nudged higher in afternoon trade on Friday in tandem with gains in domestic equities and the euro.
* At 2:27 p.m., the partially convertible rupee was at 49.04/05 per dollar, stronger from Thursday's close of 49.12/13 after moving in a 49.01 to 49.22 range so far.

* The euro was at $1.3818, compared with $1.3737 when the rupee closed on Thursday. The index of the dollar against six major currencies was at 76.850 points from 77.204 points previously.

* Focus of the market is now likely to be on the outcome of Group of 20 finance chiefs and central bank heads' meeting in Paris on Friday and Saturday, traders said.

* Although investors are not expecting any concrete resolutions to the debt crisis, they hope it will provide an opportunity for officials to agree on the outlines of a plan in time for a European Union summit on Oct. 23.

* The BSE Sensex was up nearly 1 percent as sentiment was aided by the latest inflation data which came largely in line with expectations.
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