Rupee at over three-month high on dollar inflows

MUMBAI: The rupee rose to its highest level in more than three months on Wednesday on the back of dollar inflows for upcoming share sales and positive sentiment from a stronger euro.
At 3:30pm, the partially convertible rupee was at 53.3550/3650 per dollar, its strongest since October 23, 2012 and stronger than its close of 53.76/77 on Tuesday.
Traders said exporters were also seen selling the greenback of expectations of a stronger rupee in the near-term. India's ministerial panel approved selling a 10 percent stake in Oil India on February 1, the oil secretary said.