The rupee was at 83.33 against the U.S. dollar as of 10:00 a.m. IST, barely changed from its close at 83.3150 in the previous session. The currency hovered in a tight band between 83.3075 and 83.34 in early trading.
KUALA LUMPUR: The ringgit opened easier against the US dollar today with traders maintaining their focus on the greenback with higher-than-expected US inflation data.
Equities mostly rose in Asia on Wednesday following a tepid day on Wall Street, with investors lasering in on the release of crucial US inflation data that could have a huge bearing on the outlook for interest rates.The central bank last month lifted interest rates for the first time since 2007 as inflation continues to hold well above officials' target, and speculation is growing about when it will move again.