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Rupee trades higher on return of risk-on sentiment

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Reuters

Reuters Market Eye - The rupee is trading at 61.81/82 versus Thursday's close of 62.07/08.

INR set for a fourth week of gains, helped by a return of risk-on sentiment and the Reserve Bank of India's concessional swap facility.

Dealers cite inflows from two Japanese banks.

Local stocks down 0.3 pct.

June quarter current account deficit numbers due Monday, with economists expecting the gap to be higher than the March quarter's $18.1 billion, given the sharp rise in trade deficit and lower remittances during the period.

(Reporting by Subhadip Sircar)

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First Published: Sep 27 2013 | 12:34 PM IST

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