Rupee flat; Asian currencies hit as dollar rallies

Sentiment buoyant after RBI says it could ease monetary policy early next year

The rupee is trading at 61.89 compared with Tuesday's 61.88/89 close.

Strong dollar is hurting Asia FX; many are at multi-year lows.

Nifty is almost flat.

Sentiment is buoyant after RBI said it could ease monetary policy early next year.

Traders say confidence about local economy is supporting the rupee even as other Asian currencies are taking a hit.