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Forex »
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Rupee seen opening flat to down on Asia forex
January, 15th 2010

The rupee may open flat to slightly weaker on Friday after losses in other Asian currencies against the dollar, with the sharemarket expected to provide direction as the corporate earnings season picks up pace.

On Thursday, the partially convertible rupee had ended at 45.62/63 per dollar, off the day's peak of 45.43 and slightly weaker than Wednesday's 45.6050/6150. It hit a low of 45.67 during trade.

Most Asian units were slightly weaker compared to the dollar on Friday.

At 0256 GMT, the index of the dollar against six major currencies was up 0.44%.

The MSCI index of Asian stocks ex-Japan was 0.11% lower while Nifty India stock futures traded in Singapore were up 0.39%, sending mixed signals about the local market open.

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