Mumbai, Dec 20: The Rupee opened at a gain of about eight paise against US Dollar at 39.51/52 from its previous close of 39.59/60 per dollar, tracking a positive move in the Indian equity market in the early trade.
The Indian unit inched higher on fresh capital inflows in the market, though trading was subdued on account of the year-end holiday season. Rupee was trading in a range band of 39.51 and 39.57 per dollar in the mid-morning session in a fairly active inter bank foreign exchange (Forex) market, dealers said.
Indian markets are closed on Friday. Dealers anticipate that oil firms may start buying dollars earlier than usual to meet monthly payments as the year-end is approaching, which would weigh on the rupee.