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Rupee extends gains on bunched-up dollar inflows

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Reuters

Reuters Market Eye - The rupee extends gains on bunched-up inflows. The pair is at 62.67/69 versus Thursday's close of 63.11/12.

USD/INR NDFs trending lower, also helping INR spot.

Foreign banks have been selling dollars, which is helping the pair move down, dealers say.

Local stocks up 1.5 percent.

Foreign institutional investors bought shares worth 9.7 billion rupees on Thursday, exchange data shows.

(Reporting by Subhadip Sircar)

 

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First Published: Nov 18 2013 | 11:44 AM IST

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