Rupee falls at open debt limit auction flows seen

 

Reuters Market Eye - The rupee opened weaker but was flat at 53.84/85 as some dollar inflows from investors looking to bid at the foreign institutional investor debt limit auction later in the day seen, traders say.

"There are some flows from FIIs looking to bid at the auction. Exporters are likely to step in only around 54 levels," said a senior dealer with a state-run bank.

USD/INR is seen holding in a 53.60 to 53.95 range with a sell on upticks strategy. Domestic shares will also be watched for cues on fund flows during the day.