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Rupee continues to trade stronger; share gains aid

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Reuters

Reuters Market Eye - The rupee is trading at 60.04 per dollar versus its last close of 61.2150/2250, following lower-than-expected retail inflation data released on Wednesday with gains in the domestic share market also hurting aiding the unit.

India's flagging economy delivered rare good news on Wednesday with a slight expansion of industrial production and further cooling in consumer prices, offering some respite to the ruling coalition before next month's general election.

The BSE Sensex is up 0.3 percent and will be watched for cues on foreign fund flows.

Gains in other Asian currencies versus the dollar also hurt sentiment for the USD/INR pair.

 

(Reporting by Swati Bhat)

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First Published: Mar 13 2014 | 2:00 PM IST

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