Rupee opens firm at 39.37 per USD

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Mumbai, Dec 11: The Rupee opened firm against US Dollar at 39.37/38 from its previous close of 39.40/41 per dollar on fresh inflows in Indian equity market today.

The partially convertible Indian rupee was trading firm against greenback during the mid-morning sessions, as dealers bought the unit anticipating expected cut in rates by the U.S.

Federal Reserve today, dealers said.

The Fed is widely expected to lower the key federal funds rate by 25 basis points to 4.25 percent on Tuesday. It has lowered rates twice since mid-September.

UNI

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