Firmness prevailed on the currency market on Saturday as the rupee strengthened versus dollar and euro, dealers said. On the inter-bank market, the rupee rose by 50 paisa in relation to the US currency for buying and selling at 70.50 and 70.60, they said. The rupee managed to recover its lost ground versus dollar due to hopes for easy supply of the US currency in the coming days, they added.
During the final session in the NY market, dollar rose, heading for its largest weekly gain versus euro in a month, after a smaller-than-expected quarterly loss from Citigroup Inc eased worries about the US financial sector. Citi's results added to positive earnings news this week from Wells Fargo & Co. and J.P. Morgan Chase & Co. That allowed the dollar to regain some strength after slumping to a record low against euro on Tuesday.
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Open Buying Rs 70.80
Open Selling Rs 71.30
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Buying Rs 70.50
Selling Rs 70.60
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