Rupee moves towards ten-year peak, opens at 40.25/27 per USD

Mumbai, Sep 19 (UNI) The Rupee, moving towards ten-year peak, moved up by about 20 paise against US Dollar, made a firm start at Rs 40.25/27 per dollar as compared to the previous close of Rs 40.47/48 per dolar in a extremely volatile foreign exchange market today.

The local unit made a strong move toward the ten-year high of Rs 40.20 per dollar. Making a firm start in the morning session rupee is currently trading at 40.29/30 per dollar, dealers said.

Dealers observed equity inflows have been a key driver for the strong move of rupee.

UNI