Rupee opens at 39.40/41 per USD

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Mumbai, Jan 23: The Rupee moved up against US Dollar to resume the day at 39.40/41 per dollar, gained about eight paise from its previous close of 39.48/49 per dollar as the local equity market recovered in the early trade after the US Fed cut announcement.

The partially convertible Indian Currency moved in a range band of 39.40 and 39.51 per dollar in an active interbank foreign exchange (Forex) market in the early trade, dealers said.

Dealers expect the local unit to follow the movements in equity market and end the session in a range of 39.50 to 39.55 per dollar.


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