Dec 14, 2012, 09.08 AM | Source: Moneycontrol.com
The Indian rupee opened at 54.44 per dollar versus 54.47 yesterday.
Pramit Brahmbhatt, Alpari India said, "The expectation of rising WPI inflation continues to build negative pressure on the rupee. Follow up policy action from the government, backed by RBI can rescue the currency. Inflation is likely to come in at 7.6%. The range for the day is seen between 54.20-54.70/USD."