Declining trend continued on the open market on Saturday as the rupee fell modestly versus the dollar in the process of trading, dealers said. The rupee drifted lower in relation to the dollar, losing 10 paisas for buying and selling at Rs 106.20 and Rs 106.40 respectively, while it held the overnight levels in terms of the euro for buying and selling at Rs 118.00 and Rs 119.00 respectively, they added.
Economists had forecast overall retail sales to rise 0.4 percent. The drop in producer prices, meanwhile, was the first since March and the largest since September 2015. "The US retail sales data in particular is causing the dollar to weaken," said Nick Bennenbroek, head of currency strategy at Wells Fargo Securities in New York, adding that "producer prices are also signalling limited inflation.

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Open Bid       Rs 106.20
Open Offer     Rs 106.40
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