India: MUMBAI: Re gains 13 paise; securities up.

THE rupee gained around 13 paise to end the day at 47.88/90 against the dollar as compared to Friday's close at 48.03,in a steady forex market on Monday.

Dealers said that supplies being adequate with exporters and banks unwinding long dollar positions coupled with slackened demand propped up the currency to 'comfortable levels'.

"Sentiment is being buoyed with the US lifting of sanctions in India, oil prices inching downwards and the seeming delay of the much anticipated war scenario", said a forex dealer with a private sector bank.

Taking the cue from a more relaxed 'spot rupee' forwards eased considerably with the six-month premium ending at …