The Indian rupee rose on Wednesday as local shares snapped a four-day losing streak and expectations of a recovery in economic growth after this week's robust factory data lifted sentiment. The partially convertible rupee ended at 45.6050/6150 per dollar, about 0.2 percent stronger than its previous close of 45.71/72. It had risen to 45.2850 on Monday, its strongest since September 22, 2008.
One-month offshore non-deliverable forward contracts were at 45.61/66, little changed from the onshore spot rate. In the currency futures market, the most traded near-month contracts on the National Stock Exchange and MCX-SX were at 45.69 and 45.6825 respectively.