Rupee opens at 39.51/52 against USD

Mumbai, Nov 23: Rupee opened at 39.51/52 per dollar, rising from the previous finish of 39.53/54, its lowest close since October, 24. It had hit 39.16 earlier this month, its highest in nearly a decade.

Rupee moved up as the dollar dropped to a record low against the Euro and to a two-and-half year trough against the yen, though gains were likely to be limited by RBI intervention.

Trading is expected to be relatively light and erratic with holidays in Japan and the United States giving investors little in the way of fresh leads, dealers said.

UNI