Rupee opens high at 39.58/60 against US dollar

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Mumbai, Nov 26: The spot Rupee today opened high at 39.58/60 against per US dollar, rising from the previous finish of 39.71/72 on fresh dollar demand from Foreign banks, Later the currency fluctuated between 39.57 and 39.70 in intra day trade.

Rupee moved up as the dollar dropped to a record low against the Euro and to a two-and-half year trough against the yen, though gains were likely to be limited by RBI intervention, dealers said.

Trading is expected to be relatively light and erratic with holidays in Japan and the United States giving investors little in the way of fresh leads, dealers added.


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