Markets

Indian rupee gains past 62/dollar on custodial inflows

Published November 19, 2013 Updated November 19, 2013 09:00am

1 min

By Shoaib Ur Rehman

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MUMBAI: 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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