Firmness prevailed on the money market on Saturday as the rupee held overnight levels in the process of trading, dealers said. The rupee managed to sustain overnight levels against the dollar for buying and selling at Rs 106.00 and Rs 106.20 respectively, they said. The rupee gained 50 paisas in terms of the euro for buying and selling at Rs 117.00 and Rs 118.00 respectively, they added.
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Open Bid Rs 106.00
Open Offer Rs 106.20
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The dollar resumed trading on a positive note and kept on rising following buying support. As a result, the dollar ended higher at Rs 105.80 and Rs 106.40 on buying and selling sides against the overnight closing of Rs 105.70 and Rs 106.30, , respectively.
Similarly, the rupee also remained weak and depreciated on buying side while it stayed unchanged on selling side versus pound sterling that was bought and sold at Rs 139.00 and Rs 140.00 compared with the Friday's closing of Rs 138.10 and Rs 140.00, respectively, the dealers added.
The dollar opened at Rs 104.50 (buying) and Rs 105 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 104.50 (buying) and Rs 105 (selling).
Pound Sterling opened at Rs 137.50 (buying) and Rs 138 (selling). It did not observe further change in the second session and closed at Rs 137.50 (buying) and Rs 138 (selling) by the end of second session.