MUMBAI, March 3 (Reuters) - The Indian rupee rallied
past 82 per U.S. dollar on Friday to reach a one-month high,
helped by equity inflows and broad dollar weakness.
The rupee traded at 81.9775 by 1:45 p.m. IST,
against its previous close of 82.5925 and was eyeing its best
trading session since Nov. 11.
Foreign institutional investors bought Indian stocks worth
127.7 billion rupees ($1.56 billion) on March 2, according to
provisional data from the exchanges.
Traders attributed the inflow to GQG Partners' near
$2 billion investment in Adani stocks.
Meanwhile, the dollar index declined to 104.72,
lifting Asian currencies.
The next key level to watch would be 81.80, a trader said.
($1 = 81.9950 Indian rupees)
(Reporting by Anushka Trivedi)
anushka.trivedi.thomsonreuters.com@reuters.net))
