KARACHI: A kind of firmness prevailed on the money market on Saturday as the rupee managed to hold present levels versus the dollar in the process of trading, dealers said.
At the weekend, the US dollar edged lower, putting in on track for its worst week since early November against a basket of currencies as traders grew uneasy about the scarcity of new information regarding US President-elect Donald Trump's economic policies.
The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.16 percent at 101.190. The minor gains combined with losses on Wednesday and Thursday to lead to a roughly 1 percent drop for the week.
The index had gained earlier Friday, and the dollar had risen as much as 0.6 percent against the yen to a session high of 115.44 yen, after the Commerce Department said retail sales increased 0.6 percent in December and November's sales were revised up to show a 0.2 percent rise.
The gains wore off, however, and the dollar was last down 0.11 percent against the yen at 114.58 yen. The dollar was set to drop 2 percent against the yen for the week to mark its worst weekly showing since late July 2016.

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