On the back of easy supply of dollars, the rupee managed to recover modestly against the dollar, the national currency also sustained its rise in terms of the euro for the second day on the currency market on Friday, dealers said.
Persistent flows of dollars' supported the rupee to look ahead, in the meantime, if importers indulge in fresh buying the US currency to meet payments, the rupee may not be able to retain its present levels in the coming days, money experts said. This was frequent supply of dollar, which helped the rupee.
In the final Asian trade, the euro hovered below its one-month high against the dollar having been left unmoved by the European summit, while the yen wobbled near a two-month low against the dollar as speculation mounted over the possibility that the Bank of Japan will take fresh stimulus measures.
European leaders, meeting on Thursday in Brussels, made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece. The dollar was trading against the Indian rupee at Rs 53.75, the greenback was at 3.0470 in terms of the Malaysian ringgit and the dollar was at 6.2487 in relation to the Chinese yuan.

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Open Buying     Rs 95.30
Open Selling    Rs.95.50
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Bid Rate        Rs.95.33
Offer Rate      Rs.95.36
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