The rupee moved both ways against the dollar on the money market on Friday in the process of trading, dealers said. The rupee after staying unchanged against the dollar for a long-time, reacted positively, gaining four-paisa for buying at Rs 104.90 and it picked up three-paisa for selling at Rs 104.92, they said.
The report was the latest indication that economic growth braked sharply at the end of 2015, a trend that could put the Federal Reserve's tightening cycle on ice. The dollar was trading against the Indian rupee at Rs 67.88, the greenback was at 4.1200 in terms of the Malaysian ringgit and the US currency was at 6.5760 versus the Chinese yuan.
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Open Bid Rs.106.40
Open Offer Rs.106.65
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Bid Rate Rs.104.90
Offer Rate Rs.104.92
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The dollar did begin trading well as it did go up following fresh demand and finally ended higher at Rs 106.70 and Rs 106.95 as its buying and selling against Rs 106.60 and Rs 106.85 of Thursday.
The rupee also did remain under pressure against the pound sterling that was traded at Rs 153.00 and Rs 154.00 on buying and selling as compared with the previous closing of Rs 152.20 and Rs 153.20.
The dollar opened at Rs 106 (buying) and Rs 106.20 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 106 (buying) and Rs 106.20 (selling).
Pound Sterling opened at Rs 158 (buying) and Rs 158.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 158 (buying) and Rs 158.50 (selling).