Rupee recovers from opening dip, sustainability above 83/USD key
MUMBAI, Jan 12 (Reuters) – The Indian rupee was trading higher on Friday, surpassing the 83-level against the U.S. dollar, as traders capitalised on the opening decline to build bullish bets on the local currency. The rupee was at 82.9775 to the dollar at 11:22 a.m. IST, up from 83.0275 in the previous session. The currency had opened at 83.08. “The view has changed. It is now a sell on rally rather than a buy on dips (on USD/INR),” a foreign exchange trader at a bank said. “The opening up move ran into a host of offers and now we