Rupee opens on flat note against US dollar in early trade
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The rupee opened on a flat note and edged higher by a marginal 1 paisa at 73.01 against the US dollar in opening trade on Tuesday, as forex market participants cautiously await the RBI policy outcome after the Union Budget. Analysts said that traders remained cautious ahead of Reserve Bank of India (RBI) monetary policy outcome to be announced on Friday. At the interbank forex market, the domestic unit opened at 73.02 against the US dollar and inched higher to 73.01 against the greenback, registering a rise of just 1 paisa over its previous close. On Monday, the rupee had settled at 73.02 against the American currency.
