The rupee today opened higher at 55.40 against the dollar on stronger euro and stimulus hopes from the US and European central banks.
On Monday, it had closed flat at 55.53 against the greenback.
The euro gained against the dollar overseas ahead of a European Central Bank meeting where fresh measures to battle the Euro Zone debt crisis are likely to be announced.
At 10.28 am, the Indian unit was trading at 55.44 per dollar. Further, dollar selling by exporters supported the rupee.
Call rates and G-Secs
The overnight call money market was trading lower at 7.95 per cent. The rates opened flat at 8 per cent against Monday’s close.
The 10-year benchmark 8.15 per cent government security was trading slightly lower at Rs 99.52 (yield: 8.21 per cent) from its previous close of Rs 99.54 (yield: 8.21 per cent) on Monday.
