March 7, 2014 / 8:08 AM / 3 years ago

MARKET EYE-USD/INR trading around 61 handle; CAD below $40 bln likely

* USD/INR extends losses for a fourth day, continues to
trade around 61 handle after dropping to a three-month low of
60.9450; last at 61.01/02 vs 61.11/12 Thursday close.
* Finance Minister P. Chidambaram says he expects current
account deficit to come in below $40 billion from $45 billion
estimate in interim budget. 
* Stocks trading with big gains, Sensex up 1.4 percent. 
* Overseas investors continue heavy buying of Indian shares. At
$207.84 million on Thursday, it was their biggest daily purchase
since Dec. 19, provisional exchange data shows. 
* The pair headed for its biggest weekly loss in three months,
down 1.2 percent.

 (subhadip.sircar@thomsonreuters.com /
subhadip.sircar.thomsonreuters.com@reuters.net)

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