THE RUPEE: mixed patterns

11 Jul, 2015

The rupee almost managed to hold the overnight levels against the dollar on the money market in the process of trading, dealers said.
In the final Asian trade, the euro firmed on Friday, while the safe-haven yen slipped as risk appetite warmed a touch on an extended rebound in Chinese shares and signs that Greece was making some progress in its efforts to secure fresh funding.
The common currency climbed 1.1 percent against the yen to 135.28 and put on 0.5 percent to $1.1094 as Athens took a step forward by sending a package of reform proposals to its euro zone creditors. The greenback was trading against the Indian rupee at Rs 63.41, the US currency was available at 3.7860 in terms of the Malaysian ringgit and the dollar was at 6.2084 versus the Chinese yuan.



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Open Bid Rs 102.80
Open Offer Rs.103.00
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Bid Rate Rs.101.70
Offer Rate Rs.101.71
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According to the currency dealers, the greenback opened at Rs 102.65 (buying) and Rs 102.75 (selling) against Rs 102.60 and Rs 102.85 of Thursday. The greenback improved its worth and was closed at Rs 102.90 and Rs 103.30 on buying and selling counters, respectively.
Likewise, the British pound appreciated its worth against the local currency. The pound was purchased and sold at Rs 158.00 and Rs 159.00 against Rs 156.75 and Rs 157.50 of Thursday.

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