All-round gains were seen on the local currency market on Friday as healthier trend in the foreign exchange reserves boost the rupee to recover its gains versus dollar, exports said. On the interbank market the rupee was sharply higher versus the greenback, rising 25 paisa for buying at 84.65 and by 24 paisa for selling at 84.70, they said.
In the final Asian session yen slipped as Asian shares climbed and China reaffirmed its easy monetary stance, leading short-term players to buy higher-yielding currencies. The dollar rose against yen and was supported versus other major currencies as investors grew cautious about selling the greenback too far on the view that some may previously have been too pessimistic ahead of US payroll numbers due later in the day. The dollar's move up against the Japanese currency was helped by a report that the Bank of Japan was weighing further easing measures, traders said.

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Buying                Rs 84.65
Selling               Rs 84.70
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Open Buying           Rs 84.80
Open Selling          Rs 85.00
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