Indian rupee opens flat at 61.33 per dollar

The Indian rupee opened flat at 61.33 per dollar versus 61.31 Monday.

The Indian rupee opened flat at 61.33 per dollar versus 61.31 Monday.

The US dollar nurses modest losses, on expectations of more dovish comments from the Federal Reserve.

Also Read - Expect RBI to turn dovish in Dec, cut rates in Feb: BofA-ML

Agam Gupta of Standard Chartered said, "We do not expect rupee to dip below Rs 61.20/dollar due to demand from nationalised banks at that level."

"The range for the day could be Rs 61.20-61.45/dollar. We expect exporters to sell above Rs 61.40/dollar," he added.

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