Rupee opens modestly high at 39.32/33 against USD
Mumbai,
Feb
4:
The
spot
rupee
opened
marginally
firm
by
two
paise
at
39.32/33
against
US
Dollar
todayfrom
its
previous
close
of
39.34/36
on
scattered
demand
from
local
bankers
along
with
the
firm
move
in
the
Indian
equity
market
in
the
early
trade.
Dealers said ''Rupee treaded water on Monday, caught between overseas investment flows after sentiment was boosted by buoyant Asian equity markets and the prospect of RBI intervention against the local unit.
Later, it touched between at 39.32 and 39.38 per dollar with a narrow movement during the mid session.
UNI
Comments
Story first published: Monday, February 4, 2008, 12:39 [IST]