The rupee opened a tad stronger at 61.43 per dollar against Friday's close of 61.46 ahead of Reserve Bank of India (RBI) monetary policy review tomorrow and a weak US currency overseas.
The domestic unit had strengthened last week on dollar sales by banks due to weakness of the greenback against other currencies overseas, coupled with persistent foreign capital inflows into the equity market.
Dealers expect the rupee movement to be muted ahead of the key events. The RBI policy meeting is scheduled tomorrow, while the US Federal Open Market Committee (FOMC) will meet on October 29-30.
The domestic unit had strengthened last week on dollar sales by banks due to weakness of the greenback against other currencies overseas, coupled with persistent foreign capital inflows into the equity market.
Dealers expect the rupee movement to be muted ahead of the key events. The RBI policy meeting is scheduled tomorrow, while the US Federal Open Market Committee (FOMC) will meet on October 29-30.
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