Indian rupee strengthens tracking Asian stocks

Indian rupee strengthens tracking Asian stocks

Reuters

Mumbai: The Indian rupee strengthened on Monday tracking firm Asian share markets which renewed hopes of some foreign fund inflows into local stocks.

At 9:25 a.m, the partially convertible rupee was at 45.38/40 per dollar, stronger than 45.80/82 at close on Friday.

Asian equities traded higher on hopes for a $700 billion bailout proposed by the US government over the weekend to tackle the financial crisis.

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