Rupee opens flat, euro dips on Greece woes

Mumbai: The rupee opened flat today, with investors cautious on whether the latest meeting of Greek political leaders will finally result in reforms to help the country avoid a messy default.

The BSE Sensex fell 0.2 percent as investors locked in gains after a recent rally and awaited Greece’s debt talks to reach a deal and avoid a messy default.

However, Tata Steel Ltd , the world’s No.7 steelmaker, fell more than 1 percent ahead of its December quarter results, expected after market hours.

At 9 am, the rupee was at 49.15 to the dollar, compared with 49.15/16 on Wednesday.

[caption id=“attachment_208028” align=“alignleft” width=“380” caption=“Analysts on average estimate a 41 percent fall in net profit to 5.6 billion rupees, according to Thomson Reuters . AFP”]  [/caption]

More from Fwire

BCCI earned more than Rs 2,400 crore in IPL 2022, reveal documents Eight Russian judokas barred from world championships after Ukraine boycott

The euro dipped in early Asian trade after Greek political parties concluded marathon negotiations with the issue of pension cuts left unresolved, though hopes that a deal will soon be reached limited the damage.

At 9:17 am the main 30-share BSE index was down 0.17 percent at 17,677.42, with 16 of its components in the red. The 50-share NSE index was down 0.2 percent at 5,357.55.

Reuters