Rupee opens over 9-1/2 year peak at 39.24/26 per USD

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Mumbai, Nov 1: The Indian Rupee today crosses nine-and-half-year peak to open firm at 39.24/26 per US dollar as compared to its previous close of 39.32/33 per dollar on the global cues.

The partially convertible Indian currency made smart start with a gain of another six paise against the greenback on the US Federal Reserve's rates cut by 25 basis points resulting into initial inflows in the Indian market, dealers said.

However, soon after few trades, the Reserve Bank of India intervened to cap the Indian currency around 39.30/31 per dollar at which it is trading currently without any major movements, dealers added.


UNI

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