Rupee strengthens, helped by foreign fund inflows:
Indian rupee strengthened against major rivals helped by foreign fund inflows; however major gains were capped as hopes of a rate cut by the central bank faded after consumer price inflation showed a spike and factory output rose more than expected.
The Indian rupee strengthened to its highest level in a week on Tuesday after the central bank cut interest rates as well as banks' cash reserve ratio, with dollar inflows tied to a sizeable share sale also aiding.