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May 08, 2013, 09.12 AM IST | Source: Moneycontrol.com

Indian rupee opens with 8 paise gains at 54.05/USD

The Indian rupee opened with 8 paise gains at 54.05 per dollar on Wednesday as against previous day's closing of 54.13 per dollar.

Indian rupee opens with 8 paise gains at 54.05/USD

The Indian rupee opened with 8 paise gains at 54.05 per dollar on Wednesday as against previous day's closing of 54.13 per dollar.

Himanshu Arora of Religare feels the rupee is likely to strengthen against the dollar on surging inflows.

"FM's statement to Moody's that the country's growth story is credible and is long lasting is also a positive for the rupee," he reasoned.

According to Arora, "The range for day is seen between 53.88-54.30/USD.

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