MUMBAI (Reuters) - The rupee extended gains on Thursday after the government said exports had hit $300 billion for the fiscal year ended in March, which was higher than some estimates.
India's exports for 2012/13 stood at $300.6 billion, marking a 1.76 percent decline from the previous fiscal year, the trade ministry said in a statement.
The rupee was trading at 54.04 as of 12:28 p.m. versus around 54.18/19 before the data. It had closed at 54.21/22 on Wednesday.
(Reporting by Subhadip Sircar; Editing by Rafael Nam)