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The Indian rupee opened flat at 61.48 per dollar versus 61.51 Wednesday.Britain's pound fell to a 14-month low against the dollar on Wednesday as investors pushed back rate-increase expectations
The US dollar ended lower against the rupee at 60.65/66 per dollar and the Pound Sterling also finished lower at Rs 98.34/36 per pound at the close of the Interbank Foreign Exchange Market today.
Strong FII flows and suspected Central Bank intervention have ensured that rupee consolidates in 60-61/dollar range, says Ashutosh Raina of HDFC Bank.
Vodafone India revenue in terms of GBP, however, declined by about 6 per cent due to about 17 per cent dip in value of the rupee against British pound.
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