Indian rupee may open flat against the US dollar:
``Indian rupee is expected to open flat against the US dollar vs. 51.42 close on Monday, following mixed cues from Asian market. There`s not much of activity seen in Asia today as investors remain reasonably sidelined ahead of the Euro zone summit and ECB meeting later this week. In Asian indexes, regional markets are trading mildly in positive territory with HSI and Nikkei sharing the same 0.8% of gains at their bourses. China is flat, while Australia has surged bit more than others as Australia`s 3Q GDP beats expectations (expands 1.0% on-quarter vs. 0.8% growth forecast). Meanwhile the Australian dollar, which was hurt by the central bank`s 25-basis point rate cut Tuesday, advanced on the GDP news; to USD 1.0269 from USD 1.0243 just prior to the report,`` said the broking house Edelweiss. It further said the following:
The rupee on Tuesday ended flat against the dollar after a volatile trading day in which the local currency gained 10 paisas against the greenback, but could not hold the position, dealers said.