Rupees opens weaker by 5 ps at 40.02/04 against USD

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Forex
Mumbai, Apr 8: Rupee today resumed softer by five paise at 40.02/40.04 against USD compared to 39.96 on the previous day's close, on fresh purchase by importers and foreign banks, in view of weakness trend at Indian bources, dealers said.

Later it fluctuated between 39.98 and 40.05 during the mid-morning session as it fell in Asian stock markets, sparked worries that foreigners would sell stocks and repatriate the funds, with dollar-buying by state-run banks for oil firms adding to the weakness, a leading dealer stated.


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