Rupee opened on depreciated note tracking weak Asian equity market and global economy recovery concern. But, later it recouped boosted by firm domestic indices, large capital inflow and weakening dollar index.
The Dollar index fell as greenback depreciated against major currencies. At the end of trading session, the Indian spot rupee closed at 47.1275 levels, down by 5 paisa or 0.1 percent.
OUTLOOK
US equities ended in green and closed up by 201 points on positive company results. Moreover, Asian equity market also opened on positive note.
Sensex is likely to follow the league, expecting firm opening and boosted capital inflow. Day ahead, we expect Indian rupee to strengthen against green back
