THE RUPEE: dollar dips

26 Jan, 2012

The rupee was going ground both in interbank deals and open market trade, currency dealers said here on Wednesday. The rupee recovered a bit by gaining six paisa for buying and selling at 90.16 and 90.18.
Against euro the rupee moved both way it gained 44 paisa for buying at 117.00 and lost six paisa for selling at 118, they added. Reuters report from Singapore says the Malaysian ringget was trading against dollar at 3.0780, against Chinese yuan at 6.3332 and against Japanese yen at 77.66.



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Open Buying Rs 90.30
Open Selling Rs 90.50
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Buying Rs 90.16
Selling Rs.90.18
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According to the currency dealers, the dollar resumed trading at its overnight closing of Rs 90.20 and Rs 90.60, as its buying and selling rates, respectively. The dollar witnessed no change in its buying rate, while its selling rate was declined to Rs 90.50.
Similarly, the rupee appreciated 20-paisa on buying side but stayed unchanged on selling side against the British pound. The pound was traded at Rs 139.80 and Rs 140.80 on buying and selling counters, as compared to Tuesday closing of Rs 140.00 and Rs 140.80, respectively, they added.
The dollar opened at Rs 89.00 (buying) and Rs 89.20 (selling) against the last rate. It did not observe further change in the second session and closed at Rs 89.00 (buying) and Rs 89.20 (selling).
Pound Sterling opened at Rs 138.00 (buying) and Rs 138.90 (selling) against the last rate. It did not observe further change in the evening session and closed at Rs 138.00 (buying) and Rs 138.90 (selling).

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