Rupee appreciates to 47.30 against dollar

Asian stocks were higher at 0335 GMT. The Nikkei was up 1.4 per cent,the Hang Seng rose 1.6 per cent,the Kospi gained 1.9 per cent and the Shanghai Composite index was 0.5 per cent higher.

The MSCI index of Asian stocks outside Japan was 1.9 per cent higher. The Nifty futures traded in Singapore were up 0.3 per cent,indicating a flat to slightly higher opening in the domestic market.

The dollar was little changed against other major currencies after sliding on Tuesday,when investors questioned whether the economy had improved enough to justify talk of a Fed rate hike by year-end.