The euro is steady against the dollar this morning after disappointing euro zone data pulled it away from a two-year high struck earlier in the session.
The dollar is a little weak near nine-month lows on rising expectations the Federal Reserve will delay reducing its bond-buying program until into next year.
Also Read - RBI to up repo 25 bps on inflation; may cut MSF: Morgan
Ashutosh Raina, HDFC Bank said, "Markets are expecting a small rate hike in the coming credit policy on October 29. Any surprise can result in some volatility in the rupee. Expect the 61-62/USD range to hold for some time with lot of ECB hedging interest in the market."
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Indian rupee opens flat at 61.50 per dollar
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