The European Central Bank (ECB) is palnning to have a meeting on Thursday. Sarah Hewin of Standard Chartered feels that there won‘t be any new announcements on making lending easier in that meet.
The Indian rupee opened weak at 54.84 per dollar against the yesterday's close 54.72.
Kishore Narne, Senior Vice President at Anand Rathi Securities believes that interest rate cut by ECB could be positive for crude as well as for base metals.