Rupee opens flat at 60.84 to the dollar

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Rupee opens flat at 60.84 to the dollar
The rupee opened the day flat at 60.84 to the dollar, as against its previous close of 60.85. Global sentiments were weak and the dollar strengthened against a host of currencies on Monday.

However, the rupee managed to show remarkable resilience in morning trade. Dealers say that the currency would continue to show strength due to the strong dollar inflows from foreign funds in both the debt and equity segment of the capital markets.

There are not major cues this week and the currency is expected to largely remain steady.

Read more about: dollar, currency, foreign dollar flows
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