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Rupee opens firm at 39.38/40 per USD
Mumbai,
Dec
31:
Rupee
on
the
last
day
of
the
outgoing
year
2007
resumed
firm
against
US
Currency
at
39.38/40
over
previous
close
of
39.41/42
on
the
back
of
positive
note
in
Indian
equity
market.
The partially convertible Indian currency was trading firm in an fairly active interbank foreign exchange (Forex) market. However, its further appreciation was prevented by the suspected intervention of the Reserve Bank of India (RBI), dealers said. Dealers opined, though their is a strong sentiment in the Indian equity market but due the apex bank's suspected intervention would support rupee against much appreciation against the American greenback.
UNI
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Story first published: Monday, December 31, 2007, 13:19 [IST]
