Rupee Opens Tad Lower; Retail Inflation Data, Flows Eyed
The rupee was trading at 79.6750 per dollar by 0332 GMT, compared to 79.63 in the previous session
The Indian rupee opened marginally lower than the US currency on Friday, as traders awaited the retail inflation data and eyed whether there will be any follow-through dollar demand.
The rupee was trading at 79.6750 per dollar by 0332 GMT, compared to 79.63 in the previous session.
Data due later in the day is expected to show India’s inflation rate eased in July but remained above the Reserve Bank of India’s (RBI) upper tolerance limit.
(Reuters)