Indian rupee likely higher on global US dollar strength

Indian rupee vs US dollar is likely to open higher around 54.44-54.46 levels.

Indian rupee vs US dollar is likely to open higher around 54.44-54.46 levels.

The US dollar fell against most other currencies in 2012, with only the Indian rupee, the Brazilian real and the Japanese yen falling in value against the US dollar.

The Indian rupee opened at 55.50/$, 4 paise higher than Friday’s close of 55.54 to the dollar. Related Stories Top cues: Asian stocks tumble, Sensex, Nifty could follow Sensex falls over 200 points amid global selloff Top 10 stocks to watch in trade today Oil plunges to 8-month low on weak US jobs report Sensex recovers from day's low; Tata Motors gains

The Indian rupee opened at 55.50/$, 4 paise higher than Friday’s close of 55.54 to the dollar. Related Stories Why it is crunch time for world economy Tokyo market hits 28-year low on dismal US hiring report Top cues: Asian stocks tumble, Sensex, Nifty could follow Sensex falls over 200 points amid global selloff Top 10 stocks to watch in trade today

The Indian rupee fell by 13 paise to Rs 52.84 per US dollar in early trade on the Interbank Foreign Exchange today, weighed down by a lower opening in the domestic equity market.

The Indian rupee fell by 16 paise to Rs 53.18 per US dollar in early trade on the Interbank Foreign Exchange today due to month-end demand for the American currency from importers.

The Indian rupee declined by 24 paise to Rs 53.10 per US dollar in early trade today.

The Indian rupee continued its downward spiral against the US dollar on Thursday, hitting another record low due to concerns over the eurozone debt crisis and weak domestic data.