Rupee up aided by dollar inflows

The Indian rupee was stronger on Monday aided by dollar inflows that offset choppy local shares, though dealers said, importers' demand for the greenback could put a lid on the gains.

The partially convertible rupee was at 50.2050/2100, compared with Friday's close of 50.32/33, after moving in a 50.1700 to 50.4050 band.

"There are some inflows today, because of which the rupee is strengthening. It does not look as if the RBI is intevening," the chief forex dealer of a state-run bank, said.



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