Indian Rupee continues to appreciate on inflows increase

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Source: Bloomberg
The Indian Rupee was higher by 0.1% to 54.7250 per U.S. Dollar in early Mumbai trading session on Monday. The Indian currency extended its 0.6% positive performance in last week, which was the biggest gain since November. The main reason for a such Rupee's appreciation is a capital inflow, as overseas investors purchase various classes of assets. According to exchange data, global funds have already poured 26 billion of the U.S. Dollar into the domestic market since the end of 2011.
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