India’s Rupee Rises a Fourth Day as Faster Growth Draws Funds

India’s rupee gained for a fourth day, the longest winning streak in a month, on speculation accelerating economic growth will draw more funds from abroad.

The currency touched the highest level in almost four weeks after overseas funds boosted their holdings of Indian equities to a record $85.8 billion on Sept. 2, having bought more shares than they sold every week since May. The Bombay Stock Exchange’s Sensitive Index has advanced 3.3 percent since the government on Aug. 31 said the economy expanded 8.8 percent the last quarter, the most since 2007. The rupee was also supported after the dollar fell last week against all but one of 16 major currencies.