Stability prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar in the process of trading, dealers said. The rupee maintained last levels versus the dollar for buying and selling at Rs 104.30 and Rs 104.50 respectively, they said.
The Fed decision largely disappointed investors who wanted to get the process of normalizing rates going even at a gradual pace. It was largely expected though. However, it was the Fed's dovish message, specifically the uncertain global growth outlook that could weigh on the world's largest economy that took the market by surprise.

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Open Bid       Rs 104.30
Open Offer     Rs 104.50
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Currency dealers said the dollar resumed trading at Rs 104.45 and Rs 104.60 on the buying and selling counters, respectively, against same overnight rate. In the absence of fresh buying activity, the greenback closed lower at Rs 104.40 and Rs 104.55 on the buying and selling sides, respectively.
Moreover, the pound sterling was purchased and sold at Rs 160.20 and Rs 160.70 as against Rs 161.40 and Rs 161.70 on Friday, the dealers said.
The dollar opened at Rs 104 (buying) and Rs 104.25 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 104 (buying) and Rs 104.25 (selling).
Pound Sterling opened at Rs 161 (buying) and Rs 161.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 161 (buying) and Rs 161.50 (selling).