India's Rupee Pares Gain of as Much as 0.8 Percent on Central Bank Sales

(Bloomberg) -- India's rupee pared gains of as much
as 0.8 percent on speculation the central bank sold the currency
after it rose to a nine-year high.

The currency traded at 40.57 a dollar as of 12:04 p.m. in
Mumbai, after reaching 40.285, the highest since May 1998. It
closed at 40.5925 on May 25, according to data compiled by
Bloomberg.


Read more at Bloomberg Currencies News