MUMBAI, July 9: The Indian rupee climbed on Wednesday as signs of political stability, a 4.6 per cent surge in the share market and lower crude prices offered some respite to worries about fund outflows and a widening trade deficit.

The partially convertible rupee ended at 43.12/13 per dollar, 0.3 per cent stronger than Tuesday’s close of 43.26/27. It had hit a 15-month low of 43.50 last week.

The temporary perception of the market is that stocks are up and the government seems to be stable, so if the Congress (party) have to get a confidence vote in the Parliament, they will get it somehow, said a senior dealer with a private bank.

Oil India’s biggest import, recouped some of Tuesday’s $5 drop, but on Wednesday afternoon was still around $8 below last week’s record high of $145.85 a barrel.—Reuters