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The Economic Times

Business

Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade

United States US Dollar RBI Anil Kumar Bhansali Oil

The rupee opened on a flat note and gained 3 paise to 95.34 against the US dollar in early trade on Tuesday, as support from the broad-based weakness in the US Dollar Index amid improving global risk sentiment was negated by dollar demand from importers.

Forex traders said lower oil prices and a softer US dollar outweighed importer demand for dollars, with market participants now turning their attention to the upcoming RBI MPC decision and key US economic data later this week for further direction.

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