The Indian rupee opened at 53.89 per dollar against 53.84 on Friday. At 12.25 pm IST, rupee was seen trading at 53.70.
Euro strengthening against the dollar overseas also supported the rupee. Rupee generally follow the footsteps of Euro, if euro is rising against the dollar, same trend can be visible in the Indian currency as well.
The Canadian dollar stood out from the crowd on today, falling to a two-month low as the market positioned for a more dovish Bank of Canada in the wake of tame inflation numbers, while the yen stayed under pressure amid more policy easing expectations, reports PTI.
Meanwhile, the BSE was seen trading at 18,790 up by 108 or 0.58%. The 50-share NSE was at 5,710 up by 26 points or 0.47%.