Rupee gains past 62/dollar on custodial inflows
Rises to near 2-week high
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<a href="http://www.shutterstock.com/pic-36175126/stock-photo-a-pile-of-indian-coins-shallow-dof.html" target="_blank">Rupee</a> image via Shutterstock
The rupee gained past 62 to a dollar to a near two-week high on Tuesday on heavy selling by foreign banks on behalf of their overseas clients.
The rupee rose to as much as 61.87 to a dollar, a level last seen on November 6. It was last trading at 61.92/93 versus its 62.41/42 close on Monday.
Equity inflows in November stood at $897.91 million as on Friday, latest data released on Monday showed.
The rupee rose to as much as 61.87 to a dollar, a level last seen on November 6. It was last trading at 61.92/93 versus its 62.41/42 close on Monday.
Equity inflows in November stood at $897.91 million as on Friday, latest data released on Monday showed.
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First Published: Nov 19 2013 | 1:58 PM IST