Rupee hikes on share gains; weak dollar

Rupee-Vs-DollarFriday saw the rupee climbing supported by stable start to the local share market and following the dollar's losses versus major currencies overseas. The partially convertible rupee was at 45.46/47 per dollar at 9:16 am, slightly stronger than 45.49/50 at close on Thursday when it plummeted to 45.71, it's weakest in nearly 3 weeks.

As per the dealers, the climb was helped by gains in domestic shares. Following Asian markets scrapped some early losses; shares were trading 0.5 percent higher with Reliance Industries and ICICI Bank leading the rise.

On Friday, Asian currencies were mixed against the dollar and the index of the dollar plunged 0.24 percent against six major currencies.

The euro hiked from a 10-month low after euro zone leaders agreed on a safety net for Greece which included the IMF.