The rupee managed to gain modestly against dollar, it however, fell in terms of euro on the currency market on Thursday, dealers said. The rupee rose by 13 paisa versus dollar for buying and selling at 90.77 and 90.79, dealers said. Money experts attributed the rupee's rise to absence of major payments to the foreign oil companies, they added.
In the fourth Asian trade yen dipped against dollar on in a knee-jerk reaction to data showing Japan's current account swung to a record deficit in January, while risk currencies gained together with stocks on hopes Greece may secure a bond swap deal. Short-term players sold the Japanese unit after Tokyo posted its first current account deficit in three years. It came in at 437.3 billion yen ($5.41 billion) in January, wider than market estimates of a 317.8 billion yen deficit. The dollar was trading against the Indian rupee at Rs 50.28, versus the Malaysian ringgit the greenback was at 3.0115 and the US currency was available at 6.3152 in terms of Chinese yuan, adds Reuters.
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Open Buying Rs 90.90
Open Selling Rs.91.10
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Buying Rs.90.77
Selling Rs.90.79
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On the contrary, the rupee maintained downward slide and was further declined against the pound sterling. The pound was traded at Rs 143.00 and Rs 144.00 on buying and selling counters as compared to Wednesday closing of Rs 142.90 and Rs 143.50, respectively, the dealers said.
Pound Sterling resumed trading at Rs 142 (buying) and Rs 142.50 (selling) against same previous rate. British currency did not observe further change in the evening session and closed at Rs 142 (buying) and Rs 142.50 (selling).