The Indian rupee inched up on Tuesday as the dollar weakened against the euro as well as Asian currencies on growing expectations the European Central Bank could signal faster tightening. The partially convertible rupee ended at 46.0025/0100 per dollar, higher than Monday's close of 46.06/07.
Dealers said volumes were thin with many players opting to leave early or remain at home due to heavy monsoon rains in the financial hub Mumbai, where flooding and landslides killed hundreds last July and shut the city for several days. "The market is very thin. It's been choppy in the last two days and the direction is not very clear," said a trader at an Indian bank.
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