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Rupee recoups morning losses; trades flat

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 Rupee recoups morning losses; trades flat
The rupee recouped most of the morning losses and was trading marginally higher in noon trade. The Indian rupee was last trading at 66.54, a gain of 1 paise over Thursday's close against the US dollar.
 

The rupee saw one of the biggest single day gains on Thursday since 1998, jumping 3.46 per cent to end at 66.55, against the dollar. This was largely on the back of the RBI opening up a forex swap window for oil marketing companies.

The rupee will now await GDP data due later today after the forex markets close. GDP data for Q1 FY 2014 is expected around 4.7 per cent.

A surprise on the lower side may raise fresh worries for the currency next week. Check rupee rates here

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