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    Rupee opens at 45.25 per dollar

    The Indian rupee opened at 45.25 per dollar versus 45.11 yesterday.

    March 17, 2011 / 09:08 IST

    The Indian rupee opened at 45.25 per dollar versus 45.11 yesterday.

    Moses Harding, IndusInd Bank said that, "The development in western economies and the crisis in Japan will reduce capital account flows into India. RBI will continue to cushion rupee appreciation to keep exchange rate competitive for exports and to induce liquidity into the system. However, the dominant factor will be the interest rate differential. The range for the rupee is seen between 44.85-45.35/$."

    first published: Mar 17, 2011 09:01 am

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