(Bloomberg) -- India's rupee headed for a weekly gain on speculation overseas investors were drawn to the nation's stocks as the economy grows at the second-fastest pace in the world after China.
The currency was near the highest in nine years, poised to complete a 10th five-day advance in 11 weeks, as funds abroad may add to last month's $1.5 billion Indian share purchases. The currency was also supported as the central bank drained rupees from the market to help curb lending and keep inflation under control, said foreign-exchange trader L.V. Prasad.
Read more at Bloomberg Currencies News
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