Rupee opens flat at 66.78 per dollar

The Indian rupee opened flat at 66.78 per dollar on Wednesday versus previous close of 66.77.Bansi Madhvani of India Ratings said, "The rupee is likely to continue taking cues from the shifts in global risk preference and stay relatively stable ahead of the Fed policy outcome."Also Read - Rate cut would have helped restore investment cycle: IndustryThe dollar fell to a one-month low on speculation that the Federal Reserve isn't going to raise rates any time soon. Meanwhile the Australian dollar strengthened after the Reserve Bank of Australia kept interest rates on hold and hinted it was in no hurry to ease monetary policy further on signs of reasonably strong economic growth.