The dollar maintained upward push against the rupee on the currency market on Friday, dealers said. The rupee shed 10 paisa in terms of the US currency for buying and selling at 87.55 and 87.60, they said.
The market showed a mostly muted response to US President Barack Obama's $447 billion package on jobs that is made up largely of tax cuts for workers and businesses, amid doubts over whether he can push it through a divided Congress.
"The euro now doesn't have the support of expectations for rising interest rates, which clearly points to the higher possibility that euro will fall below (its July low near) $1.38. In addition, strains on European banks' funding are rising. Given all this, the euro looks likely to fall further," said Minori Uchida, senior analyst at the Bank of Tokyo-Mitsubishi UFJ.
The yuan closed down against dollar after a weaker mid-point fixing, with the Chinese currency posting its biggest weekly decline since mid-March as the dollar hit a two-month high due to uncertainties in global markets.
But dealers widely expect the yuan will appreciate in the long term as the central bank intends to use the exchange rate to combat high inflation. The dollar was trading at Rs 46.19 versus Indian rupee and the US currency was at 2.9915 in relation to the Malaysian ringgit.

========================
Open Buying     Rs 87.55
Open Selling    Rs 87.60
========================

========================
Buying          Rs 87.50
Selling         Rs 87.70
========================

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Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor       Low Bid   High Bid   Low Offer   High Offer   Average
=================================================================
Overnight    13.25      13.40      13.40        13.40       13.36
1-Week       13.15      13.20      13.25        13.30       13.23
2-Week       13.10      13.25      13.25        13.30       13.23
1-Month      13.00      13.20      13.20        13.30       13.18
2-Months     13.00      13.15      13.20        13.30       13.16
3-Months     13.00      13.15      13.25        13.30       13.18
4-Months     13.00      13.20      13.25        13.30       13.19
5-Months     13.00      13.20      13.25        13.30       13.19
6-Months     13.05      13.20      13.25        13.30       13.20
9-Months     13.15      13.25      13.35        13.40       13.29
1-Year       13.20      13.30      13.35        13.40       13.31
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor       Low Bid   High Bid   Low Offer   High Offer   Average
=================================================================
Overnight    13.25      13.40      13.40        13.45       13.38
1-Week       13.20      13.30      13.30        13.35       13.29
2-Week       13.15      13.30      13.25        13.35       13.26
1-Month      13.05      13.25      13.25        13.35       13.23
2-Months     13.05      13.20      13.30        13.35       13.23
3-Months     13.05      13.20      13.30        13.35       13.23
4-Months     13.10      13.20      13.30        13.35       13.24
5-Months     13.10      13.20      13.30        13.40       13.25
6-Months     13.10      13.20      13.30        13.40       13.25
9-Months     13.15      13.25      13.40        13.40       13.30
1-Year       13.20      13.30      13.40        13.45       13.34
=================================================================