The Indian rupee ended marginally stronger on Wednesday aided by dollar inflows into local shares, though importers' demand for the greenback prevented a sharper rise. "The market will look for the fiscal deficit figure keenly (in the budget), because foreign fund inflows will depend on it," said Vikas Chittiprolu, a senior foreign exchange dealer with state-run Andhra Bank.
The rupee ended at 49.91/92 to the dollar, slightly stronger than Tuesday's close of 49.93/94, after moving in a 49.8350 to 50.0150 band during the session. The one-month offshore non-deliverable forward contracts were at 50.33. In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and on the United Stock Exchange were all around 50.08, on a total volume of $4 billion.