MUMBAI: The rupee extended gains in afternoon trades on Monday on the back of robust dollar inflows, while a strong euro and positive local shares also supported.
* At 2:10 p.m., the partially convertible rupee was at 44.4100/44.4125 per dollar, after touching a high of 44.3950, a level last seen on May 3. On Friday, it had closed at 44.5825/5925.
* Traders said corporates, including a big infrastructure company, selling dollars boosted the rupee.
* The euro eased from one-month highs against the dollar after Standard & Poor's said a debt rollover plan being considered for Greece may put the country into selective default, although solid support at lower levels are likely to check losses.
* The index of the dollar against six major currencies was down 0.10 percent at 74.279 points, while the euro was at $1.4520. The dollar index and the euro were at 74.461 and $1.4492 respectively at the local forex market close on Friday.
* Indian shares were up 0.5 percent on Monday, after declining risks on Greece's funding boosted risk appetite.
* Foreigners preferred Indian equities the most in Asia in the week to July 1 and pumped in $1.1 million, data from Nomura showed.
