The Indian rupee opened on a flat note and slipped 5 paise to 73.05 against the US dollar in opening trade on Wednesday. However, strong macroeconomic data and a rally in the domestic equity market restricted the rupee`s fall, forex dealers said. At the interbank foreign exchange, the rupee opened at 73.05 against the dollar, registering a fall of 5 paise from the last close.

In the previous session, the rupee had settled at 73.00 against the US dollar. Meanwhile, India`s economic growth surged by a record 20.1 per cent in the April-June quarter of this fiscal, helped by a low base of the year-ago period, despite a devastating second wave of Covid-19.