Gains 45 paise on inflows, USD sales
A whole new way of lending that hinges on a peer-to-peer model
Sustained capital inflows from foreign funds into equity market boosted the rupee value
Cites recent reforms, global easing of liquidity
Custodian banks were heavy buyers of rupees on behalf of foreign institutional investors
Dealers cite inflows from Indian Railway Finance Corp's recent $300 mn bond sale
The rupee rose to its highest against the dollar in more than five months,
Gaining 42 paise to close at 51.74 against the US dollar
Provisioning to remain elevated due to asset quality stress margin expansion unlikely
MARKET ROUND-UP
Strong capital inflows and firming trend in equity mkt after govt unleashed second wave of reforms supported rupee
The domestic unit is weighed down by dollar's gains overseas
As custodian banks bought dollars on the back of sharp losses in local shares
Persistent foreign capital inflows into equity mkt coupled with weakness of dollar overseas boosted rupee value
The euro fell on uncertainty about when Spain will apply for a bailout
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