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Dollar/Rupee opened up after Euro fell below its key psychological level as better than expected employment and factory orders data boosted demand.
Investors preferred to remain light ahead of key global central bank meetings later today amid hope monetary easing will continue to boost growth.Bank of Japan,Bank of England and European central bank will all announce their reviews on monetary policy today.
Investors preferred to remain light ahead of key local data releases next week including industrial output and inflation, which may provide clarity over the central bank's stance.
The European central bank is expected to hold interest rates at record low of 0.75%
Bank of England is also expected to keep interest rate at all time low of 0.5% but is likely to increase the quantum of bond purchase by 25 billion pounds to 400 billion pounds.
Further stimulus from Bank of Japan is expected only in April under new governor Haruhiko Karuda
Gold prices are slightly lower in Asia and precious metals is holding in a tight range ahead of Friday's non farm payrolls data from the US.
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