Bullish sentiment was seen in the open market on Saturday as the rupee picked up five paisa against the dollar for buying and selling at Rs 60.60 and Rs 60.70, dealers said.
Smooth supply of dollars helped the rupee to make gains against the dollar and rising trend in the remittances will also assist it to recover more ground in the coming days, dealers said. The rupee, however, shed four paisa against the euro for buying and selling at Rs 80.60 and Rs 80.70, they said.
In the world markets, the dollar declined on Friday after the US government said it will impose duties on imports of coated paper from China, raising fears of protectionism between the two economic superpowers. While traders and investors debated whether the news was the opening salvo in a trade war, its impact on foreign exchange markets was immediate.
"The impact in the market has been to see the dollar get pummeled, as dollar longs have been forced to bail out on the idea of trade protectionism ultimately undermining the US economy," said Brian Dolan, director of foreign exchange research at Forex.com in Bedminster, New Jersey.

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Buying                  Rs 60.60
Selling                 Rs 60.70
================================

==============================
Buying                Rs 60.71
Selling               Rs 60.73
==============================
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Repo Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight     8.25      9.25       8.50        9.40          8.85
1-Week        8.75      8.90       8.85        9.00          8.88
2-Weeks       8.75      8.90       8.85        9.00          8.88
1-Month       8.70      8.90       8.80        9.00          8.85
2-Months      8.75      8.90       8.85        9.00          8.88
3-Months      8.70      8.80       8.80        9.00          8.85
4-Months      8.80      9.00       8.90        9.10          8.95
5-Months      8.80      9.00       8.85        9.15          8.95
6-Months      8.85      9.00       8.90        9.20          8.99
9-Months      8.85      9.10       9.00        9.25          9.05
1-Year        8.90      9.10       9.10        9.35          9.11
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Call Rates (Yield p a)
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Tenor      Low Bid   High Bid   Low Offer   High Offer    Average
=================================================================
Overnight     8.75      9.75       9.00       10.00         10.05
1-Week        9.00      9.50       9.25        9.75          9.75
2-Weeks       9.25      9.50       9.50        9.75         10.01
1-Month       9.25      9.75       9.50       10.00         10.38
2-Months      9.50     10.00       9.75       10.25         10.62
3-Months     10.00     10.25      10.25       10.50         10.77
4-Months     10.00     10.75      10.25       11.00         10.98
5-Months     10.00     10.75      10.50       11.00         11.19
6-Months     10.25     10.75      10.75       11.00         11.43
9-Months     10.40     11.00      11.00       11.50         10.98
1-Year       10.50     11.25      11.00       11.50         11.06
=================================================================