Rupee to trade on mixed note

"Asian equity market opened on mixed note tracking weak US economy and Europe debt concern. Moreover, Japan indices shows weak sentiment due to Yen strengthened issue. This could instill volatility in the market. The domestic indices would gain if further capital inflow surged into the market. Moreover, in last two month domestic indices tracked the global stock market but still many days it moved against global factor. The dollar index is currently trading at 82.939 down by 0.12%. Moreover, expectation of economic data releases from Europe also lower than previous one which would help greenback to strengthen during European hours. Thus, rupee may open on appreciate note but later it may erase it gains. Overall, it is been expected that rupee to trade on mixed note and closing would be on depreciating note still the dollar index and domestic indices provide further cues to investors."