An easier trend was witnessed on the money market on Friday as the rupee fell against the dollar in the process of trading, dealers said. The rupee lost 10 paisas versus the dollar for buying and selling at Rs 104.64 and Rs 104.65 respectively, they said.
In the fourth Asian trade, sterling quickly bounced back to levels around $1.2500, and after some choppy moves, it was last fetching $1.2432, still down 1.5 percent on the day. The dollar was trading against the Indian rupee at Rs 66.78, the greenback was available at 4.1500 in terms of the Malaysian ringgit and the US currency was at 6.6745 in relation to the Chinese yuan.
========================
Open Bid Rs.105.20
Open Offer Rs.105.40
========================
========================
Bid Rate Rs.104.64
Offer Rate Rs.104.65
========================
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 105.25 and Rs 105.55 as its buying and selling rate, respectively.
The dollar's demand remained intact that kept the rupee under pressure. At close, the dollar ended at Rs 105.35 and Rs 105.60 on buying and selling side, respectively.
The rupee maintained upward slide and further improved against the pound sterling that was purchased and sold at Rs 131.00 and Rs 134.20 as compared with Rs 133.70 and Rs 134.50 of Thursday, respectively, the dealers said.
The dollar opened at Rs 105 (buying) and Rs 105.10 (selling) against same last rate. It did not observe further change in evening session and closed at Rs 105 (buying) and Rs 105.10 (selling).
Pound Sterling opened at Rs 132 (buying) and Rs 133 (selling). It did not observe further change in the second session and closed at Rs 132 (buying) and Rs 133 (selling).