Rupee opens firm at 39.50/51 per USD

Mumbai, Jan 24: The Rupee today opened firm agianst US Dollar at 39.50/51, stronger by six paise from its previous close of 39.56/57 per dollar on positive note in Indian equity market.

The partially convertible Indian currency touched a high of 39.44 per dollar as there was a good inflows in the local equity market in the early session, however, the suspected intervention by Reserve Bank of India would cap rupee's major gain against greenback, dealers said.

Dealers expected rupee to end the session firmly near 39.45 on the speculation of strong inflows in the market.

UNI