Rupee opens flat at 73.11 against dollar

Rupee opens flat at 73.11 against dollar

The Indian rupee opened flat at 73.11 per dollar on January 7 against its previous close of 73.10 even as the greenback slipped to its lowest in almost three years.

The dollar declined after Democrats won control of the US Senate, clearing the way for a larger fiscal stimulus under Joe Biden, who will take oath as the president on January 20.

Currency markets were largely unperturbed by scenes of chaos in Washington as supporters of outgoing President Donald Trump stormed Capitol Hill, a Reuters report said.

The Indian equity market was witnessing decent buying in the morning trade on January 7. The equity benchmark Sensex rose over 350 points, while the Nifty hit a fresh high of 14,256.25.