Rupee opens at Rs 50.03 per dollar
April 9th, 2009
The Indian Rupee opened at Rs 50.03 per dollar versus Rs 50.19 yesterday.
On Wednesday, the spot rupee ended lower at Rs 50.18 per USD as against its previous close of Rs 50.05 per USD.
According to Ssharad Pawar, Normans Martin, the rupee will be positive on gains in global markets and dollar’s weakness. The range for the day is seen between Rs 49.80-50.30 per dollar. Inflation is expected to be 0.33% while February IIP is seen contracting to -1.5%.