The rupee inched higher on bunched inflows tracking strength in global dollar. It traded at 52.26 versus last close at 52.40/41.
Technical experts believe rupee might touch 50 mark in coming months on good flow of foreign direct investment to India.
Euro started trade slightly on the back foot on Wednesday after Spain dented hopes it would soon ask for a bailout, while the Australian dollar threw a fit on prospects of more domestic interest rate cuts following Tuesday's easing.
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