Rupee opens lower at 68.23 per dollar

The Indian rupee opened lower by 5 paise at 68.23 per dollar on Wednesday versus previous close 68.18.NS Venkatesh of Lakshmi Vilas Bank said, "The rupee is expected to trade steadily in a narrow range of 68.15-68.35/dollar.""The rupee will take cues from the equity market movement as well as the minor weakness of USD against the major currencies," he added.Also Read - RBI to go for 25 bps rate cut in 2017: CitigroupUS dollar held steady ahead of US president-elect Donald Trump's first news conference set for today, while the Mexican peso hit a record low. Investors fretted that trump, who takes office on January 20, could shake markets by taking an aggressive line on issues such as trade policy.