MUMBAI (Reuters) - The rupee strengthened to a seven-month high on Monday on the back of heavy foreign flows into both equities and debt, even as most emerging Asian currencies fell after surprisingly weak Chinese trade data.
The partially convertible rupee rose to as much as 60.83 per dollar, its highest since August 12. It was last trading at 60.84/85 per dollar, compared with its close of 61.08/09 on Friday.
The BSE Sensex closed marginally stronger after earlier posting its third consecutive record high as strong foreign buying continued to boost domestic-focused shares such as HDFC Bank .
Foreign funds have bought $852.10 million in equities and $5.6 billion in debt so far in this calendar year.
(Reporting by Swati Bhat; Editing by Anupama Dwivedi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app