May 11, 2012, 09.09 AM | Source: Moneycontrol.com
The Indian rupee opened at 53.48 per dollar versus 53.43 yesterday.
Manis Thanawala, Greenback Forex said, "The rupee is likely to be flat in early trade. Any positive move in equity market could help sentiment but importer demand might cap gains. March IIP is expected below 2%. The rupee is seen between 53.20-53.80/USD."