Rupee gains on foreign fund selling

Reuters Market Eye - The rupee gains on heavy dollar selling by U.S. bank, say dealers.

Pair at 54.41/42, off 54.5350 lows, versus its close of 54.47/48.

Pair tipped in 54.30-54.75 band for session.

Foreign funds invested a hefty $222.77 million in equities on Thursday, provisional figures showed, a day when the benchmark index fell its most in seven months.

The figure includes inflows related to TPG Capital's $305 million stake sale in commercial vehicle financier Shriram Transport Finance Co Ltd .

(Reporting by Subhadip Sircar)