Rupee opens flat at 59.71 against dollar

Mumbai: The rupee on Friday opened flat at 59.71 per dollar versus 59.67 on Thursday.

Pramit Brahmbhatt, Alpari India said, "The rupee will continue to trade weak due to a stronger dollar and high dollar demand from internal importers. The rupee has started discounting the RBI measures and is now reacting to FII pullout and other global factors. However, a strong equity market will cap the downfall. The range for the day is seen between 59.32-60.22/USD."

The euro slipped to sub 1.31 to the dollar. The dollar index was around 82.90 mark. The dollar-yen was above 100.