Indian Rupee Opens Higher At 56.56 Per Dollar

The Indian rupee opened with a gain of 20 paise at 56.56 per dollar versus 56.76 yesterday.



NS Venkatesh, IDBI Bank said, "The rupee continues to trade with a weak bias. There is an expectation of further rise on curb in gold imports and a rate cut in the upcoming monetary policy due to lower inflation. All these factors could be rupee positive. The range for the day is seen between 56.30-56.85/USD."



The euro cooled off to 1.30 levels after rising to 1.31 to the dollar. The dollar index steadies after slipping as much as 1 percent to 82.42 levels.

Source:-www.moneycontrol.com