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Reliance Securities Report
The Indian rupee could start on a stronger note this Thursday morning against the dollar, following a pullback on the dollar index after U.S. consumer prices rose at a slower pace in July.
The rupee could open around 74.18-74.20 in initial trades compared with 74.43 in the previous session.
Most regional and emerging market currencies have started mostly weaker against the dollar early Thursday morning while, brent crude prices remained above $71/barrel mark and could cap appreciation bias.
Markets could look to cues from consumer price index inflation and index of industrial production and manufacturing numbers after market hours.
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