The Indian rupee is seen gathering some lost momentum in opening trades on Thursday as dollar slipped after hitting an over 5-month high. Currently, DXY futures are quoting at 105.71, down 0.05% on the day. Meanwhile, positive undertone in equities and easing international crude oil prices are seen supporting the local unit. Indian markets remain closed yesterday on account of Ram Navami. On Tuesday, rupee plunged 17 paise to hit its lowest level of 83.61 against the US dollar for the second time in four weeks. The benchmark S&P BSE Sensex ended the session down 456.10 points, or 0.62 percent, at 72,943.68 while the broader NSE Nifty index settled 124.60 points, or 0.56 percent, lower at 22,147.90. Ongoing concerns about geopolitical tensions in the Middle East and signs of feeble demand in China also weighed on markets.
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