Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Rupee rises in trade
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Rupee notes are stapled to form a garland at a market in Srinagar May 20, 2008.
Credit: Reuters/Fayaz Kabli/Files
Reuters Market Eye - The rupee gains, largely driven by dollar selling on bunched up inflows after thin volumes seen during a two-day strike that ended on Thursday, say dealers.
The pair is at 54.35/36, 54.5350 intraday high, versus Thursday's close of 54.47/48.
Flows seen from custodial as well as state-run banks.
Some dealers cite inflows related to TPG Capital's $305 million stake sale in commercial vehicle financier Shriram Transport Finance Co Ltd (SRTR.NS).
Dollar continued at near a 5-1/2-month high against a basket of currencies on Friday, with the euro tumbling to a six-week low.
(Reporting by Subhadip Sircar)
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