Rupee opens up on broad dollar weakness

Rupee opens up on broad dollar weakness
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First Published: Thu, Oct 18 2007. 09 33 AM IST
Updated: Thu, Oct 18 2007. 09 33 AM IST
Mumbai: The rupee rose in early deals on Thursday, heading back towards 9-½ year highs, as weak US data fuelled hopes of a Fed rate cut, pushing the dollar down against a basket of currencies.
At 9:01 am, the partially convertible rupee was at 39.45/46 per dollar, a quarter of a percent above Wednesday’s close of 39.545/39.550.
Last week it hit 39.27, its strongest level since March 1998.
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First Published: Thu, Oct 18 2007. 09 33 AM IST
More Topics: Rupee | Dollar | Money Matters | Currency |