Rupee opens at Rs 45.38 per dollar

Nifty BSE | NSE 17/02/12 Are Mutual Funds betting on Nifty?

The Indian rupee opened at Rs 45.38 per dollar versus Rs 45.34 yesterday.

Ssharad D Pawaar, SPFX India said that, "I expect the rupee to weaken on dollar's recovery against major currencies. Corporate demand for dollar at lower levels coupled with a rise in international oil prices may put pressure on the rupee. The range for the day is seen between 45.30-45.45/$."