(Bloomberg) -- India's rupee advanced for a second
day on speculation overseas investors will buy equities as
companies including real-estate developer DLF Ltd., sell shares.
The currency traded near a nine-year high as global funds
bought $3.7 billion more of Indian stocks than they sold this
year as of May 24, surpassing $2.9 billion of purchases in the
same period last year, according to data compiled by Bloomberg.
Read more at Bloomberg Currencies News
day on speculation overseas investors will buy equities as
companies including real-estate developer DLF Ltd., sell shares.
The currency traded near a nine-year high as global funds
bought $3.7 billion more of Indian stocks than they sold this
year as of May 24, surpassing $2.9 billion of purchases in the
same period last year, according to data compiled by Bloomberg.
Read more at Bloomberg Currencies News
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