THE RUPEE: minor change

19 Aug, 2012

Easier trend was seen on the currency market on Saturday in process of trading, dealers said. The rupee shed 10 paisa in relation to dollar for buying and selling at 94.60 and 94.80, they said. The rupee showed no variation against euro for buying and selling at Rs 115.70 and Rs 116.70, respectively.


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Open Buying Rs 94.50
Open Selling Rs.94.70
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According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 94.60 and Rs 95.00 as its buying and selling rates, respectively. The dollar's opening rates continued to prevail in the absence of any change in its demand and supply throughout the day, the dealers said.
However, the rupee maintained downward trend and was depreciated against the pound sterling. The pound was purchased and sold at Rs 147.20 and Rs 147.80 as compared to Rs 147.10 and Rs 147.60 of Friday, respectively, they added.
The dollar opened at Rs 94.20 (buying) and Rs 94.30 (selling) against same last rate. It did not observe further change in the evening session and closed at Rs 94.20 (buying) and Rs 94.30 (selling).
Pound Sterling opened at Rs 146 (buying) and Rs 146.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 146 (buying) and Rs 146.50 (selling).

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