Rupee opens strong at 39.75/76 per Dollar

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Mumbai, Oct 1: Rupee resumed the week at 39.75/76 per US Dollar, higher by nearly 5 paise from Friday's close on sound overseas inflows and taking cues from a generally weak US Dollar.

Dealers saw Reserve Bank intervening on Rupee's pace through public lenders, especially SBI, who were seen rampantly buying Dollars in the forenoon session.

At 1155 hrs, Rupee was trading at 39.7550 per Dollar, according to marketmen.

According to dealers, regulators may moot a major correction on Rupee's appreciation in approaching sessions to support the weakening Dollar.


UNI

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