Indian Rupee Climbs To 9-Year Peak On Flow Outlook

The rupee rose to a nine-year high early on Wednesday as dealers bet on massive capital flows into the stock market and as the dollar slid to record low against the euro.At 9:04 a.m., the partially convertible rupee was at 39.66/67 per dollar, its strongest level since April 1998, and climbing from Tuesday''s close of 39.735/745.