Rupee opens high at 49.05, up by 41 paise

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Forex
Mumbai, Nov 3: The rupee on Monday, Nov 3 opened strong to a two-week high at 49.05 against US dollar, up by 41 paise, from its previous close at USD 49.46 following the selling of dollars by nationalised banks and others.

Later, the partially-convertibel rupee moved in a range between 48.85 and 49.10 in the intra-day session. The rupee strengthened by one per cent to a two-week high today helped by gains in local shares after a weekend interest rate cut, which raised expectations of fresh foreign portfolio inflows, a leading dealer informed.

UNI

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