| | |
The Indian rupee opened flat at 54.06 per dollar versus Tuesday's close of 54.09.
The euro traded flat at 1.30 versus the dollar after US Fed's assurances that a bond-buying stimulus program will remain in place. The dollar index was firm above 81.80 levels.
Himanshu Arora, Religare said, "The dollar is likely to weaken against the rupee as the market is expecting some reforms in the upcoming budget, which should narrow the country's twin deficits. The FM may also take necessary steps to boost inflows. The range for the day is seen between 53.85-54.30/USD."
ADS BY GOOGLE
video of the day
Mkt resilient at current level; bullish auto: ICICI Pru AMC