Rupee opens firm at 39.38/40 per USD

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Forex

Mumbai, Dec 31: Rupee on the last day of the outgoing year 2007 resumed firm against US Currency at 39.38/40 over previous close of 39.41/42 on the back of positive note in Indian equity market.

The partially convertible Indian currency was trading firm in an fairly active interbank foreign exchange (Forex) market. However, its further appreciation was prevented by the suspected intervention of the Reserve Bank of India (RBI), dealers said. Dealers opined, though their is a strong sentiment in the Indian equity market but due the apex bank's suspected intervention would support rupee against much appreciation against the American greenback.


UNI

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