The USD/INR is keeping gains, though off highs on selling by foreign banks. The pair was at 62.78/80 versus Friday's close of 62.51/52, after touching an intraday high of 63.03.
Custodial flows-related selling by foreign banks and IT-related flows are keeping the pair in check.
The pair is headed for a first monthly loss in five, down 4.6 per cent, and for a second quarter of gains, up 5.6 per cent.
Local stocks extend losses, down 1.2 per cent. June-quarter current account deficit likely to be higher than $18 billion with data due at 5 p.m.
Copyright: Thomson Reuters 2013
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
