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The rupee is still up at 62.15/16 per dollar versus its close of 62.26/27 on Thursday.
Local stocks are trading with gains and are up 0.7%. Gains in Asian FX are also helping the rupee.
Overseas investors bought Indian shares worth Rs 206 crore on Thursday, extending their buying streak to a seventh session, provisional exchange data showed.
Some dealers also cited dollar inflows related to GlaxoSmithKline Plc's roughly $1 billion move to raise its stake in its Indian pharmaceutical unit. The open offer opened on Tuesday and will close on March 5.
