Global cues, investment by overseas investors, movement of rupee against dollar and crude oil price would also influence trading
Asian currencies weakened on Thursday after the US Federal Reserve boosted its assessment of the economy, spurring gains in the greenback
Dollar demand from importers, mainly oil refiners affected the currency
Currently, foreign investors can buy upto $81 billion of Indian debt
The local currency hovered in a range of 61.42 and 61.54 during late morning trade
The currency hovered in a range of 61.29 and 61.52 per dollar during the day
Overnight rates stay firm despite repo rate cut last month
Heavy capital inflows and higher equities lifted the rupee sentiment
Govt's renewed assurance on fiscal consolidation gives RBI room to cut further
The reserves rise $2.67 bn for the week ending Jan 16 to $322.14 bn
The ECB announcement of monthly bond buying of euro 60 billion will help offset the impact caused by a likely tightening by the US Fed
The currency ended higher on fresh selling of dollars by banks and exporters on persistent foreign capital inflows into equity market
The reserves had surged by $236.4 million to $319.475 billion in the previous week
ECB stimulus, upbeat domestic markets help rupee
Strong selling of the US currency by exporters amid sustained capital inflows helped the rupee