Rupee strengthens 9 paise

On the strong FII inflows and good dollar supplies into the market, the rupee strengthened by almost nine paise against the greenback on July 4. Rupee opened at 40.56/57 and closed the day at 40.45, up from the previous close of 40.54/55. The supplies seem to be very strong which will cause further strengthening of the rupee helping it to appreciate to 40 or even below 40 levels.