The rupee played on both sides versus dollar on the currency market on Friday, dealers said. The rupee dropped by three paisa in relation to dollar for buying and selling at 90.84 and 90.86, experts said.
In relation to euro the rupee fell, giving up another 30 paisa for buying and selling at Rs 120.90 and Rs 121.90, they said. In the final Asian trade yen dropped to 7-1/2-month low against dollar, pressured by Japanese importers' selling, but market players said it was likely to find support as US Treasury yields are to set to remain capped.
The greenback has rallied five percent against yen in February, helped by easing steps from the Bank of Japan, Japan's shrinking current account surplus and a surge in its LNG imports as nearly all of the nation's reactors have gone offline following the Fukushima nuclear crisis. The dollar was trading versus the Indian rupee at Rs 49.06, the greenback was available in relation to the Malaysian ringgit at 3.0080 and the US currency was at 6.2966 in terms of Chinese yuan.
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Open Buying Rs 90.84
Open Selling Rs 90.86
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Buying Rs 90.80
Selling Rs 91.00
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According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 90.80 and Rs 91.10 as its buying and selling rates, respectively. Because of insignificant change in the dollar's demand and supply situation, the dollar's rate remained stable throughout the day. However, ahead of closing of trading, the dollar was marginally increased to Rs 91.15 while it's buying rate remained unchanged, the dealers said.
The rupee was declined on buying side by 50-paisa while its selling rate stayed unchanged against the pound sterling. The pound was purchased and sold at Rs 142.5 and Rs 143 as compared to Thursday closing of Rs 142 and Rs 143, respectively, the dealers said.
The dollar opened at Rs 91 (buying) and Rs 91.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 91 (buying) and Rs 91.20 (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).