The Indian rupee has opened flat at 63.55 per dollar on Monday and immediately inched up by 5 paise.
However, Himanshu Arora, Religare expects USD-INR to trade lower today amid across the board weakness in the dollar against major currencies after US Fed signaled gradual rate hike in its latest meeting held last week.
The Indian rupee gained 18 paise to close at 63.55 a dollar on Friday compared to 63.73 a dollar in previous session.
Euro harried over the past months on concerns Greece might default on its debt, nudged up slightly as Greek prime minister's new offer provided a glimmer of hope. The dollar index is trading around the 94 mark.
Source:moneycontrol.com
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