Indian rupee closed trading Wednesday at 49.99/50.01 per dollar, up from its previous close of 50.15/16, as local stock markets failed to provide adequate cues on the direction of foreign fund flows.
During the day the rupee recorded a high of 49.75. But the close was still 0.3 percent stronger than its previous close of 50.15/16 on Tuesday.
Foreign fund outflows from Indian stocks so far in 2008 total a net $13.7 billion, after net inflows of $17.4 billion last year.
