Rupee seen flat to slightly higher after Thursday's 95.26 close
In short
The rupee is expected to open flat to a little higher after ending Thursday at 95.26 per dollar, traders said.
A weaker dollar and lower US yields may help the rupee. But higher oil prices could reduce that support, and the report does not say how far it might move.
What the reporting says
The rupee is expected to open flat to marginally higher after settling at 95.26 to the dollar on Thursday, according to traders cited by BusinessLine Forex. The same source says a retreat in the dollar and plunging US yields support the currency, while a surge in oil prices could limit the move. The exact opening level and any later trade are not stated.
Why it matters
The rupee was expected to open flat to marginally higher after closing at 95.26 per dollar on Thursday, according to traders cited by BusinessLine Forex. The report links the currency support to a retreat in the dollar and falling US yields, while noting that rising oil prices may offset some of the gain. The source does not provide a forecast range or say whether the opening actually happened.