Rupee up on better risk appetite, dollar inflows

The rupee rose on Friday as easing worries over euro zone funding boosted risk appetite across Asian equities and dollar flows into local debt stayed robust.

At 9:02 am, the rupee was at 51.42/43 to the dollar, 0.4 percent stronger than Thursday close 51.60/61.

Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.