Rupee opens stronger at 39.78/80 per USD

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Mumbai, Oct 23 (UNI) The spot Rupee today opened high by nine paise at 39.78/80 against per US dollar compared to 39.89 on previous day's close on stock market.

Rupee rose in early trades on Tuesday as gains in Asian stock markets eased concerns that foreigners would take money out of local shares despite curbs on one method of investment some have been using, dealers said.

Later, rupee was fluctuated between at 39.67/68 and 39.82 per dollar in intra day trade.

The Indian stock market was up more than 2 per cent in early trade, and other Asian markets were also stronger, dealers added.

UNI

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