Firmness prevailed on the money market on Saturday as the rupee sustained its overnight levels versus the dollar in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 99.70 and Rs 99.90 respectively, while it lost 20-paisa against the euro for buying and selling at Rs 135.20 and Rs 135.45 respectively, they said.
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Bid Rate Rs 99.70
Offer Rate Rs 99.90
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According to the currency dealers, the dollar was opened on its overnight closing of Rs 99.65 and Rs 99.90 on buying and selling side, respectively. In the absence of any change in the dollar's demand and supply situation, its opening rates continued to prevail throughout the day, the dealers said.
However, the rupee maintained downward slide and remained under pressure against the British pound. The pound's buying and selling rates were improved from Friday's closing of Rs 169.25 and Rs 169.50 to Rs 169.35 and Rs 169.60, respectively, they added.
The dollar opened at Rs 98.50 (buying) and Rs 98.60 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 98.50 (buying) and Rs 98.60 (selling). Pound Sterling opened at Rs 165 (buying) and Rs 165.50 (selling) against same last rate. It closed at the same rate without further change by the end of evening session.