MARKET HEADLINES
Rupee up 19 paise on strong local stocks
The rupee was up tracking gains in equities which topped 21,000 for the first time in nearly three years. The Indian currency was trading at 61.40/41, off 61.69 highs, versus last close at 61.59/60. Strong shares lead to hopes of more foreign fund inflows, said dealers.Lower dollar offshore also lead to selling onshore, said a dealer. Foreign funds extended buying in local stocks for a 14th session, being provisional buyers of $104.7 million on Wednesday, exchange data showed.
Rally risk continues to rise with another dip in dollar to test key 50 percent fibonacci support at 61.17 gets bought on Wednesday.
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