Increased demand for the US currency from oil importers affects rupee
India's first depository receipt (DR) programme for Reliance Industries established in 1992
Weakness of dollar in the overseas market helped the local currency to appreciate
However major gains were capped as hopes of a rate cut by the central bank faded after consumer price inflation showed a spike and factory output rose more than expected
Rebounds 23 paise to end at 54.18 against dollar
Coordinated by Samar Datta of Centre for Management of Agriculture at IIM-A, the study has been conducted by Debdatta Pal and Arnab Laha
India's exports rose 4.25% in February from a year earlier, narrowing the trade deficit to $14.92bn and alleviating some concerns about the current account deficit.
Gains in Asian FX, positive regional stocks helps rupee
Inflation going up because of funding of welfare schemes by govt, rising supporting prices of agricultural produces
The default risk for Indian banks fell to its lowest level since 2011, show CMA data
Market participants are now waiting for the outcome of the index of industrial production for January and consumer inflation data to be announced tomorrow.
February exports up 4.25%, with positive trend in exports likely to continue
Indian rupee rose to its highest level in more than a week, after gaining for a third consecutive session on Friday, helped by dollar sales from custodian banks and gains in the euro.
Forex dealers attributed fall in the rupee to dollar's gains against other currencies, including yen, in the global markets
Bond prices are likely to inch up further next week to retest the recent highs
This is due to an expected higher inflows into the country