THE RUPEE: stable trend

12 Oct, 2014

Firmness prevailed on the money market at the week-end, dealers said Saturday. The rupee held the overnight levels in terms of the dollar for buying and selling at Rs 102.50 and Rs 102.70, they said. The rupee gained 25 paisa against the euro for buying and selling at Rs 128.75 and Rs 129.00, they added.


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Open Bid Rs 102.50
Open Offer Rs 102.70
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According to the currency dealers, the dollar was opened on a healthy note and was further improved following buyers' interest. At close of trading, the dollar was ended at Rs 102.60 and Rs 102.85 as its buying and selling rate against Rs 102.35 and Rs 102.60 of Friday, respectively, the dealers said.
Likewise, the rupee maintained downward trend for another day and lost its worth against the pound sterling. The pound was traded at Rs 164.60 and Rs 164.85 on buying and selling counter compared with day earlier closing of Rs 164.50 and Rs 164.75, respectively, they added.
The dollar opened at Rs 101 (buying) and Rs 101.10 (selling) against same overnight rate. It did not observe further change in the second session and closed at Rs 101 (buying) and Rs 101.10 (selling) against the dollar.
Pound Sterling opened at Rs 168 (buying) and Rs 168.10 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 168 (buying) and Rs 168.10 (selling).

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