Rupee opens at 65.48 per dollar, gains 11 paise

The Indian rupee opened higher by 11 paise at 65.48 per dollar on Tuesday against previous close of 65.59.Ashutosh Raina of HDFC Bank said, "The upcoming US data will have direct impact on the December FOMC decision and can result in increased market volatility. The USD-INR pair is back above the crucial 65.50/dollar level on the back of a strong dollar.""We expect some more weakness with an expected range of 65-66/dollar in the near term," he added.The dollar fell against the euro after comments from two members of the European Central Bank's governing council lowered expectations for increasing its bond-purchase program next month.