KARACHI: Firmness prevailed on the money market on Saturday as the rupee managed to hold overnight levels versus the dollar in the process of trading, dealers said. The rupee stayed put against the greenback for buying and selling at Rs 108.20 and Rs 108.50 respectively, similarly it also did not budge any side in terms of the euro for buying and selling at Rs 112.60 and Rs 114.10 respectively, they said.
The greenback will likely test fresh multi-year heights when investors return from their year-end holiday break. The dollar has rallied more than 5 percent against a basket of currencies since Donald Trump's surprise US presidential election win on November 8.
"No one wants to take additional risk between now and the end of the year. They don't want to jeopardize those gains," said Stan Shipley, strategist at Evercore ISI in New York. Traders brushed off upbeat US new home sales and consumer sentiment data, which reinforced the view the world's biggest economy is expanding faster than its European and Japanese counterparts.

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Open Bid      Rs 108.20
Open Offer    Rs 108.50
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