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Rupee opens flat at 39.38/39 against US dollar
Mumbai,
Jan
29:
Rupee
opened
flat
at
Rs
39.38/39
against
US
dollar
today
as
traders
awaited
RBI
announcement
on
interest
rates.
Gains
in
the
stock
market
was
expected
to
keep
sentiments
buoyant
on
expectations
of
capital
inflows,
dealers
said.
Later
in
the
day
the
rupee
fluctuated
in
a
narrow
range
of
39.36
and
39.40
per
dollar
during
the
mid
morning
session.
Traders were expecting that the repo rate would be cut from 7.75 to 7.50 on basis points by RBI's announcement this noon.
UNI
Story first published: Tuesday, January 29, 2008, 12:32 [IST]
