Rupee opens low by 7 paise at 44.77/78

Mumbai, Nov 24: The rupee today opened lower by seven paise and was quoted at Rs 44.77/78 per US dollar as compared to its previous close of Rs 44.69/70 per USD, due to fresh buying support of the dollar by bankers.

Later, the domestic currency rose at 44.95 during the mid-morning session, on account of short-covering by local dealers and is now trading lower by twenty one paise at Rs 44.91/92 per USD from its previous close, due to increased buying of the dollar by foreign and nationalised banks, traders said.

UNI