The rupee moved both ways against dollar in the open market on Saturday in process of trading, dealers said. Persistent demand for dollar by the importers made the rupee unable to retain the firmness in terms of the greenback, money experts said.
At the weekend, euro edged higher against dollar but sentiment remained shaky after an agreement by nearly all European Union leaders to build a closer fiscal union failed to allay concerns about the region's debt crisis. Developments in Europe's debt markets should continue to dominate the market's attention next week, while the Federal Reserve's last policy meeting of the year could prove a non-event as no new action is expected.
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Open Buying Rs 89.00
Open Selling Rs 89.20
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According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 88.50 and Rs 89.30, as its buying and selling rates, respectively. There was no visible change in the dollar's supply that kept its rate intact at Rs 88.50. On the contrary, because of lacking buying support, dollar's selling rate was declined to Rs 89.10, the dealers said.
However, the rupee-pound sterling parity remained unchanged at its day earlier closing level. The pound was purchased and sold at Rs 138.10 and Rs 139.00, respectively, the dealers added.
The dollar opened at Rs 87.65 (buying) and Rs 88.05 (selling) against same last rates. It did not observe further change in the second session and closed at Rs 87.65 (buying) and Rs 88.05 (selling).
Pound sterling opened at Rs 137.80 (buying) and Rs 137.90 (selling) against same overnight values. It did not observe further change in the evening session and closed at Rs 137.80 (buying) and Rs 137.90 (selling).