Rupee opens on weak note at 67.29 per dollar

The Indian rupee has started off the day on a weak note with all eyes on RBI policy tomorrow. The currency opened at 67. 29 per dollar, a loss of 8 paise against yesterday's closing of 67.21 per dollar. Bhaskar Panda of HDFC Bank says the dollar index has been trading in and around 100 pivot and apart from this fundamental factor, the rupee has been gaining due to the positive impact of the Budget.  According to him, the USD-INR pair is expected to trade in a range of Rs 67.10-67.30 for today. Panda says the market is evenly divided on the expectations of the rate cut in the policy tomorrow.

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