(Bloomberg) -- India's rupee rose, adding to a nine-
year high, on expectations economic growth will boost corporate
profits, lift stocks and attract investment from abroad.
Overseas investors' stock purchases, which climbed to the
highest in three months on May 17, have helped lift the currency 8
percent this year. The rupee may also gain after China widened the
yuan's trading band, spurring speculation the Indian central bank
will tolerate further strength in its currency.
Read more at Bloomberg Currencies News
year high, on expectations economic growth will boost corporate
profits, lift stocks and attract investment from abroad.
Overseas investors' stock purchases, which climbed to the
highest in three months on May 17, have helped lift the currency 8
percent this year. The rupee may also gain after China widened the
yuan's trading band, spurring speculation the Indian central bank
will tolerate further strength in its currency.
Read more at Bloomberg Currencies News
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