Rupee remains above 55 level

The week opening of the Indian rupee on Friday continued well into the afternoon with the currency trading at 55.58 to the dollar at 2.41 pm.The rupee on Friday retreated from a two-week high in the previous session as investors dumped riskier assets on reduced hopes for more monetary stimulus by the Federal Reserve.It opened above the psychologically important 55-level on Friday at 55.20.The rupee had strengthened yesterday as inflo...