New Delhi, June 12 -- HDFC Bank share price gained over 2% on Friday, led by strong buying momentum across the banking stocks. HCFC Bank shares gained as much as 2.33% to Rs.761.95 apiece on the BSE.

HDFC Bank shares were one of the top gainers on the Bank Nifty index. All the constituents of the Bank Nifty index were trading in the green, lifting the index over 1.5% to above 56,000 level during the session.

Other baking stocks that led the rally include Yes Bank, Bank of Baroda, Federal Bank, IDFC First Bank, Punjab National Bank (PNB) and Axis Bank, that rallied over 1% each.

The latest rally in the banking stocks came after the Reserve Bank of India's (RBI) latest measures to boost foreign currency inflows, which are expected to str...