The Indian rupee opened flat against the US dollar on October 26. The rupee opened at 94.93 per dollar, compared with Friday’s close of 94.94.
According to Finrex, the rupee is set to open at 95 today with oil prices hovering near to $ 114.75 per barrel and dollar index at 101.62 this morning.
Exporters to continue to sell dollars on all upticks while importers to continue buying the dips to hedge the imports with cost of hedging coming down a bit, it added.
Asian currencies traded mixed against the US dollar, with the Philippine peso falling the most by 0.26 percent, followed by the Indonesian rupiah, which declined 0.11 percent. The Taiwan dollar slipped 0.06 percent, while the Thai baht edged down 0.006 percent.
On the other hand, the South Korean won gained 0.09 percent, followed by the Japanese yen, which rose 0.07 percent, and the Chinese renminbi, which advanced 0.06 percent. The Malaysian ringgit and Singapore dollar also strengthened by 0.03 percent and 0.02 percent, respectively, against the previous close.