At the interbank foreign exchange, the rupee opened sharply up at 79.55 against the US dollar, then gained further momentum to quote 79.39 in early deals, registering a gain of 30 paise over the last close. In the previous session, the rupee had settled at 79.69 against the American currency.
Gulpreet Kohli, MD, ChrysCapital is sensing skepticism of money flows into Indian after the rupee falling and touching the 60 per dollar mark again on Wednesday.