Rupee opens softer at 44.20/21 per US dollar

Mumbai, Feb 21 (UNI) The Rupee today opened lower at 44.20/21 per US dollar as against the previous day's close of 44.18/19, traders said.

Later, the partially-convertible Rupee was at 44.22/23 per Dollar, slipping from Tuesday's close due to purchase of Dollar by nationalised banks, operators said. Trading activity was restricted during the mid-session.

The operators believed that the Reserve Bank of India (RBI) has actively stopped the Rupee from strengthening since the last few days.

UNI