Rupee opens at 39.70/72 against dollar

Mumbai, Nov 29 (UNI) The Rupee today opened high at 39.70/72 per US Dollar, rising from the previous finish of 39.78 on fresh demand from foreign banks.

During the intra-day, the Rupee was trading at 39.74/77.

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

UNI