Cairn India shares rise tracking crude gains, rupee fall

Shares in Cairn India Ltd gained 2.3 per cent after Brent oil futures rebounded from a nearly four-month low, while the rupee hit nearly two-month low versus the U.S. dollar

Higher crude oil prices and a weaker rupee helped oil exploration firms such as Cairn India, which sells crude in dollars, analysts said.

Brent crude edged towards $106 a barrel in Asia, after gaining nearly $2 per barrel on Friday as traders covered short positions, while Iran and six world powers failed to reach a deal on Tehran's nuclear programme.

Copyright: Thomson Reuters 2013