Reuters Market Eye - The rupee extends gains after headline inflation eases further, holding out some hopes for a rate cut, say dealers. The pair is at 57.64/65, off 57.93 highs, versus 57.98/99 Thursday close.
Local stocks extend gains, up 1.6 percent.
The headline inflation slowed for a fourth straight month in May to 4.7 percent from a year earlier.
Exporters selling to take advantage of better rates, dealers add.
A Reuters poll, however, showed that a majority expect RBI to hold rates on Monday.
USD/INR up 1 pct for week, heading for a sixth straight week of gains.
(Reporting by Subhadip Sircar)
