Rupee opens weak at 39.38/40 per USD

Mumbai, Nov 12: Rupee today opened weak about eight paise against US Dollar at 39.38/40 per dollar on selling off dollars during the initial trade in the forex market.

The partially convertible Indian Rupee made a weak start in a fairly active inter bank foreign exchange (Forex) market and after few tradings it started appreciating despite Indian stock market was moving in red on global cues, dealers said.

The local unit was supported around 39.32/34 per dollar during mid-day trade by the Reserve Bank of India's (RBI's) reported intervention, dealers added.

UNI