Indian rupee opens flat at 65.35 per dollar

The Indian rupee opened flat at 65.35 per dollar on Tuesday versus previous close 65.35.

Ashutosh Khajuria of Federal Bank said, "Don't expect rupee to depreciate further and will trade in a range 65-65.50 today."

He further added, "Bond markets are in a bearish mood ahead of state development loans auctions worth Rs 10,000 crore today."

"Bond traders would like to wait till CPI data on October 12 before taking a call. Expected range for 10-year benchmark is seen 6.75-6.80 percent."

The dollar trades steady after edging away from a 10-week high overnight, taking support from underlying expectations that improved prospects for the US economy would prompt the Federal Reserve to raise interest rates later this year.

The dollar index against a basket of six major currencies was a shade higher at 93.720 after dipping about 0.15 percent overnight.