The Indian rupee opened at Rs 46.84 per dollar versus Rs 47.02 yesterday.
Manis Thanawala of Greenback Forex Services said that the rupee is likely to be stronger today on positive Asian equity markets which could push domestic markets higher. The euro strengthened against the dollar after ECB indicated they will gradually taper off the stimulus package, which will lead to interest rate hikes. The range for the day is seen between 46.70-47.20/$.
Yesterday the spot rupee closed higher at Rs 47.01 per USD as against its previous close of Rs 47.04 per USD.