The Domestic currency, rupee, on Thursday opened flat at 73.11 per dollar against its previous close of 73.10 even as the greenback slipped to its lowest in almost three years. The American currency (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.
As per brokerage firm ICICI Direct, positive domestic equities and FII inflows are likely to provide strength to the rupee.
Meantime, Indian equity markets have started the weekly options expiry session on a positive note, registering another record high in the process.
The BSE Sensex, which snapped a 10-day winning streak on Wednesday late morning hours stood 90 points higher at 48,264 while the NSE Nifty 50 index opened 36 points higher at 14,182 level at 10.50 am. Among the sectoral indices, the Nifty Bank opened above the mark of 32,000 with gains of 1 percent.
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