RTRS:Rupee extends gains; corporate dlr inflows seen
Reuters Market Eye - The rupee extends gains to 54.57/58 versus its previous close of 54.85/86 on the back of dollar inflows with a power sector firm, traders say.
Power Finance Corp, which was likely to raise $500 million via mid-term notes this week at the earliest, is rumored to have sold around $300 million, three dealers said.
Gains in the euro and the domestic sharemarket also hurt the dollar.
Traders say further losses towards 54.50 cannot be ruled out though there is likely to be buying emerging from oil and gold importers.
