Indian currency and bond markets are closed on Wednesday for a local holiday. The stock market is open for trading.

On Tuesday, the partially convertible rupee INR=IN ended at 48.78/79 per dollar, 0.4 percent stronger than Monday's close of 48.955/965, helped by a rebound on the stock market.

The benchmark 10-year bond IN069019G=CC ended at 7.11 percent after rising to 7.16 percent in intra-day trade, the highest since Nov. 26, 2008, the day the Mumbai terror attacks took place. It closed at 7.08 percent on Monday.