The Indian rupee opened slightly higher at 53.73 per dollar against 53.80 Tuesday.
Himanshu Arora, Religare said, "The rupee may gain against the dollar on news that the government will cut the withholding tax on interest payments to foreigners on government and corporate debt. Also gains in the equity market may underpin the rupee. The range for the day is seen between 53.45-54/USD."
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