Indian rupee opens at 58.92 per dollar.

​Indian rupee has opened at 58.92 a dollar on Thursday as against previous day's closing value of 58.93 a dollar.

Espirito Santo analyst Deepali Bhargava thinks the market may be overestimating the RBI’s buying power, and underestimating the side-effects if the central bank were indeed to go on a dollar-buying binge. She expects the rupee to strengthen gradually to 55 to the dollar over the next 12 months.

Source : moneycontrol.com