MUMBAI: The Indian rupee has opened flat at 63.65 per dollar on Wednesday against previous day’s closing value of 63.64 a dollar. NS Venkatesh of IDBI Bank said, “The USD-INR pair ended on a positive note yesterday. We saw some dollar sales by the custodial banks and the month-end import demand was at a low.” “The rupee is expected to trade marginally weaker today due to the Greece default and the weakness will continue till Sunday’s referendum. The range for the USD-INR is seen between 63.60-63.80/dollar,” he added. The euro traded around 1.1 to the dollar as Greece defaults on a repayment to the IMF, but short-covering and uncertainty ahead of a key referendum caps losses.
