The rupee retained its overnight levels against dollar in the interbank market on Saturday for buying and selling at Rs 60.61 and Rs 60.62, dealers said. It is expected that the rupee would move both ways against dollar in the coming days. If the dollar supply improves, the rupee to depict firmness, otherwise it may face some setback, they said.
In the world markets dollar posted fresh gains against euro but fell against yen in the final session of the week as investors debated whether the credit crisis would drag on global growth despite initial enthusiasm for a White House plan to help US homeowners cope with tough lending conditions.
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Kerb Buying Rs 60.90
Kerb Selling Rs 60.95
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Buying Rs 60.61
Selling Rs 60.62
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Similarly, the local currency gained strength against pound sterling, whose buying rate declined from Rs 122.30 to Rs 122.10 and selling rate slipped from Rs 122.50 to Rs 122.40, dealers said.
The dollar opened at Rs 60.90 (buying) and Rs 61 (selling) against the same overnight value. It did not observe any change in the second session and closed at Rs 60.90 (buying) and Rs 61 (selling).
Pound sterling opened at Rs 123.30 (buying) and Rs 123.70 (selling) against the previous rate. It did not observe any change in the evening session and closed at Rs 123.30 (buying) and Rs 123.70 (selling).