ET:Rupee keeps losses; up 5.6 pc so far in September quarter
The rupee kept losses, though off lows on selling by foreign banks. The pair is at 62.78/80 versus Friday's close of 62.51/52, after touching an intraday low of 63.03.
Custodial flows-related selling by foreign banks and IT-related flows are keeping the rupee's gains in check.
The Indian currency was headed for a first monthly gain in 5 months, down 4.6 per cent, and for a second quarter of gains, up 5.6 per cent.
Local stocks extend losses, down 1.2 per cent. India's June-quarter current account deficit likely to be higher than $18 billion with data due at 1130 GMT.
