Rupee opens at 53.92 per dollar

The Indian rupee opened at 53.92 per dollar versus 53.92 yesterday.

Taimur Baig, Deutsche Bank said, "We are looking at a year when growth is supposed to pick up a tad as exports recover and investment bottoms out, some market-pleasing reforms gain traction, inflation remains stable or eases somewhat, and capital inflows continue the trend seen in the last few months of 2012. In this scenario, the rupee is likely to appreciate somewhat, perhaps toward 52-53/USD."