The rupee crossed the barrier of Rs 103 versus the dollar on the open market on Friday due to strong demand for the US currency, dealers said. The higher rate of the dollar shows that difference between the open and interbank markets was widening, but it was difficult to predict that how far that trend would continue, other experts said.
The Malaysian ringgit reversed its early gains and was down 0.2 percent at 3.7520 to the dollar. The ringgit, which set a nine-year low of 3.7680 on Monday, was off about one percent for the week. The dollar was trading against the Indian rupee at Rs 64.04, the greenback was at 3.7520 in terms of the Malaysian ringgit and the US currency was available at 6.2070.

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Open Bid       Rs 103.00
Open Offer     Rs 103.20
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Bid Rate       Rs 101.74
Offer Rate     Rs 101.76
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