Rupee up for 2nd day; at over 1-week high

Mumbai, February 03: The Indian rupee rose for a second straight day on Wednesday rising to more-than-one-week high on the back of a 1-percent gain in the sharemarket early and tracking higher regional peers.

* At 9:22 a.m. the partially convertible rupee was at 46.12/13 per dollar, stronger than its close of 46.22/23 on Tuesday.

* Most Asian currencies were trading stronger compared to the dollar.

* The BSE Sensex rose 1 percent early on Wednesday, with Reliance Industries and Infosys Technologies topping the gainers, helped by a rise in global markets.

* The U.S. dollar slipped further from six-month highs against a basket of currencies on Wednesday, as investors picked up bargains in beaten down growth-linked currencies with risk appetite showing some signs of recovering.

* State-run NTPC Ltd, India’s largest power producer, opens a follow-on share sale on Wednesday to raise at least $1.8 billion. The issue closes on Feb. 5.

—-PTI