Dollar keeps gains versus rupee; up 5.6 pct in Sept qtr

Reuters Market Eye - The USD/INR is keeping gains, though off highs on selling by foreign banks. The pair is at 62.78/80 versus Friday's close of 62.51/52, after touching an intraday high of 63.03.

Custodial flows-related selling by foreign banks and IT-related flows are keeping the pair in check.

The pair is headed for a first monthly loss in five, down 4.6 percent, and for a second quarter of gains, up 5.6 percent.

Local stocks extend losses, down 1.2 percent. June-quarter current account deficit likely to be higher than $18 billion with data due at 5 p.m.

(Reporting by Subhadip Sircar)


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