(Bloomberg) -- India's rupee headed for its biggest weekly gain since December 2005, on optimism the nation's rising stocks and relatively high interest rates will attract increased investment from abroad.
The rupee climbed to the strongest in nine years yesterday as the benchmark stock index reached the highest in more than two months. The average daily investment in local equities by overseas funds is five times more this month than in March, as companies including Infosys Technologies Ltd. and Bharti Airtel Ltd. reported better-than-expected profits for last quarter.
Read more at Bloomberg Currencies News
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