Rupee will continue to take the cues from the equity market flows. Rupee is expected to trade in the range of 61.4-61.6/dollar, says NS Venkatesh of IDBI Bank.
The Indian rupee opened flat at 61.46 per dollar on Wednesday as against previous day's closing value of 61.43 a dollar.
Dollar bulls are being forced to temper their enthusiasm post weak German data and IMF cutting its global growth forecast - dollar index eases to 85.664 off its 4-year highs.
Also Read - Rupee stands tall amidst equity market selling
NS Venkatesh of IDBI Bank says, "Rupee will continue to take the cues from the equity market flows. Rupee is expected to trade in the range of 61.4-61.6/dollar."
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