Slight recovery was seen on the money market at the week-end as the rupee managed to gain modestly versus the dollar in the process of trading, dealers said. The rupee posted fresh gain of five-paisa in relation to the dollar for buying and selling at Rs 102.45 and Rs 102.65 respectively, they said.

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Open Bid       Rs 102.45
Open Offer     Rs 102.65
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The greenback opened at Rs 102.60 (buying) and Rs 102.90 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 102.60 and Rs 102.90 on the buying and selling counters, respectively. However, some of currency dealers quoted selling rate of the dollar as Rs 102.85.
On the other hand, the British pound improved its worth against the local currency. It was purchased and sold at Rs 154.70 and Rs 155.60 as against Rs 153.80 and Rs 155.00 on Friday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).