Slight fluctuations were seen on the currency market on Friday in process of trading, dealers said. The rupee shed three paisa for buying at 90.68 while it did not show any change for selling at 90.70, they said.
In the Asian trade on the last day of the week euro pulled away from two-month highs against dollar and yen on Friday as worries over Greece's commitment to debt restructuring lingered even after it clinched a deal on fiscal reforms to secure funding and avoid default.
Athens struck a long-awaited agreement on harsh austerity steps necessary for a second international bailout in two years, and a debt swap deal between Greece and its private bond holders was practically finalised. China's yuan briefly touched a record high on Friday after the central bank set the strongest midpoint in advance of a US visit by China's vice president, but the currency closed weaker following an afternoon retreat sparked by weak trade data. Spot yuan touched a record intra-day high of 6.2884 per dollar on Friday morning -- surpassing the previous high of 6.2919 on January 4 -- after the People's Bank of China (PBOC) set a midpoint of 6.2937, its strongest ever. It was the second straight midpoint below 6.30, a barrier it had never breached before Thursday.
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Open Buying Rs 90.68
Open Selling Rs 90.70
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Buying Rs 90.65
Selling Rs 90.85
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According to the currency dealers, the dollar commenced trading at its overnight closing of Rs 90.6 and Rs 90.8 as its buying and selling rates, respectively.
The dollar witnessed no change in its value amid low trading activity. However, at the end of trading the dollar's selling rate marginally closed higher at Rs 90.85 while its buying rate remained unchanged.
On the contrary, the rupee recovered some of its earlier loss and was improved against the pound sterling. The pound's buying and selling rates were declined from Thursday closing of Rs 142.8 and Rs 143.8 to Rs 142.5 and Rs 143.5, respectively, the dealers added.
The dollar opened at Rs 90 (buying) and Rs 90.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 90 (buying) and Rs 90.20 (selling).
Pound Sterling opened at Rs 142 (buying) and Rs 142.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).