Indian rupee opens at 58.92 per dollar

Indian rupee has opened at 58.92 a dollar on Thursday as against previous day's closing value of 58.93 a dollar.

Indian rupee has opened at 58.92 a dollar on Thursday as against previous day's closing value of 58.93 a dollar.

Espirito Santo analyst Deepali Bhargava thinks the market may be overestimating the RBI's buying power, and underestimating the side-effects if the central bank were indeed to go on a dollar-buying binge. She expects the rupee to strengthen gradually to 55 to the dollar over the next 12 months.

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