The rupee today opened marginally higher at 53.13 against the dollar ahead of the advance estimates for GDP growth and NTPC’s share sale due today.
Yesterday, the Indian unit had slipped from near four-month high to close three paise down at 53.16.
The domestic unit unit fell to 53.17 after which it strengthened to 53.07 per dollar in the early trade.
At 12.12 p.m., the rupee was trading at 53.19 to the dollar.
Investors will watch out for the advance estimates of GDP growth for the current fiscal year ending March 2013. Further, public sector firm NTPC’s share sale today is expected to bring more inflows thereby supporting the rupee.
Moreover, sustained foreign fund flows from the upcoming share sale of, among others, MMTC and SAIL will further boost the rupee.
