No change was seen in the rupee's value against dollar on the open market on Saturday, dealers said. For the third day in a row, the rupee held the overnight levels versus the dollar for buying and selling at 91.20 and 91.50, they said.
A senior euro zone government source said Standard & Poor's is set to downgrade the ratings of euro zone countries, but not Germany's. This was later confirmed by French Finance Minister Francois Baroin, who said France and other euro zone countries have been warned that it would be downgraded by S&P.
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Open Buying Rs 91.20
Open Selling Rs.91.50
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According to dealers, the dollar closed at Rs 91.50 and Rs 92.00 on buying and selling counters, respectively, as compared to Friday's Rs 91.30 and Rs 92.00.
The rupee-pound parity remained unchanged. The pound was purchased and sold at Rs 139.50 and Rs 140.50 as against the overnight closing of Rs 139.50 and Rs 140.50 respectively, dealers said.
The dollar opened at Rs.89 (buying) and Rs.89.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs.89 (buying) and Rs.89.20 (selling). Pound Sterling opened at Rs.138 (buying) and Rs.138.90 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs.138 (buying) and Rs.138.90 (selling)