A firmer trend prevailed on the money market on Friday as the rupee did not show any visible change versus the dollar, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 104.70 and 104.72 respectively.
In the final Asian trade, the dollar wallowed close to eight-week lows against the euro, and was poised for weekly losses against its major counterparts, after minutes of the US Federal Reserve's July meeting revealed central bank policymakers were in no hurry to hike rates.
At next week's meeting of global central bankers at Jackson Hole, Wyoming, Fed Chair Janet Yellen is expected to reinforce the message that the Fed will raise interest rates later rather than sooner, which gave investors no incentive to buy the dollar. The dollar was trading against the Indian rupee at Rs 66.94, the greenback was at 4.0040 in terms of the Malaysian ringgit and the US currency was at 6.6447 in relation to the Chinese yuan.

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Open Bid       Rs 106.20
Open Offer     Rs 106.40
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Bid Rate       Rs 104.70
Offer Rate     Rs 104.72
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