The Indian rupee opened at 49.56 per dollar versus 49.50 yesterday.
Manis Thanawala, Greenback Forex said, "The rupee is likely to remain sideways on equity market cues & the euro's movement. Investors will also watch out for the December IIP data which is expected to be around 4%. The range for the day is seen between 49.30-49.75/USD."
