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MC:Rupee to open up tracking gains in Asian peers
 
The rupee is seen starting higher on Wednesday, tracking mostly firmer Asian peers with overnight gains in the euro.
* The partially convertible rupee should open around 44.10 per dollar and move in a 44.00-44.25 band, traders said. It had closed 0.5 percent stronger on Tuesday at 44.1750/1850, a level not seen since April 11.
* The index of the dollar against six major currenices was up 0.05% at 73.514 points at 0240 GMT, but below 73.650 points when the rupee closed on Tuesday. The euro was trading at USD 1.45, compared to USD 1.4480 previously.
* Domestic shares will be watched for direction of capital flows.
* At 0240 GMT, the MSCI index of Asian stocks ex-Japan was up 0.24% while the Nifty India futures traded in Singapore were 0.2% higher, suggesting a flat to higher opening in the local market.
Source