Rupee Poised for Biggest Weekly Jump Since 2014 on Stock Inflows

India’s rupee headed for its biggest weekly gain since May 2014 as foreign funds pumped money into local stocks amid a revival in global sentiment for equities. Overseas investors, who withdrew a net $1.2 billion from Indian equities in February, have added back $695 million in the first two days this month, data compiled by Bloomberg show.

Posted: 2016-03-04 07:41:00

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