The rupee managed to recover marginally against the dollar and euro on the currency market on Saturday, dealers said. The rupee gained five-paisa versus the dollar for buying and selling at Rs 98.80 and Rs 99.00 respectively. It also picked up 50-paisa against the euro for buying and selling at Rs 132.00 and Rs 132.72 respectively, they said.
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BID Rs 98.80
OFFER Rs 99.00
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According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 98.95 and Rs 99.20 as its buying and selling rate, respectively. In the absence of buyers' interest, the dollar could not sustain and was declined to Rs 98.90 and Rs 99.15on buying and selling side, respectively.
On the contrary, the rupee remained under pressure and was depreciated against the British pound. The pound's buying and selling rates were improved from overnight closing of Rs 167.50 and Rs 167.75 to Rs 167.50 and Rs 167.85, respectively, the dealers said.
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.