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Rupee gains past 62/dollar on custodial inflows

Source : REUTERS
Last Updated: Tue, Nov 19, 2013 08:49 hrs
A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata

The Indian rupee gained past 62 to a dollar to a near 2-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 Nov. 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 Monday showed.


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