Mumbai, Aug. 14 -- Dollar weakness overseas is seen supporting the Indian rupee in opening trades on Thursday. INR opened at Rs 87.48 per dollar and climbed to a high of 87.39 so far during the day. Yesterday, rupee appreciated 20 paise to close at 87.43 against the US dollar, as a weak greenback and a positive momentum in domestic equity markets supported. Domestic shares eked out modest gains after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut. Firm global cues and a weaker dollar also underpinned sentiment as in-line U.S. inflation data cemented expectati...
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