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Rupee opens at Rs 48.29 per dollar

September, 25th 2009
The Indian rupee opened at Rs 48.29 per dollar versus Rs 47.97 yesterday. On Thursday, the spot rupee ended marginally higher at Rs 47.97 per USD as against its previous close of Rs 48 per USD. According to Manis Thanawala, Greenback Forex, the rupee likely to be weak in early trade on account of a strong dollar and weak cues from the global equity markets. The currency may be under pressure due to the long weekend and month-end demand. The range for the day is seen between Rs 47.95-48.40 per dollar.