India’s Rupee Advances Most in a Week as Exporters Sell Dollars
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India’s rupee gained the most in a week on speculation exporters converted overseas earnings and after global funds pumped money into local stocks.
The currency strengthened a second day after overseas investors bought $1.1 billion more Indian shares than they sold this month through Jan. 7, adding to net purchases of $24.5 billion in 2012, exchange data show.