Firmness prevailed on the money market on Wednesday as the rupee stayed put versus the dollar, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling at Rs 104.85 and Rs 04.86 respectively, they said.
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Bid Rate Rs.104.85
Offer Rate Rs.104.86
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The dollar resumed trading on its overnight closing trend of Rs 106.00 and Rs 106.25 as its buying and selling rates respectively, the dealers said. At the close, no change in its value took place on selling counter as it sustained its opening rate of Rs 106.00. However, it remained depressed on selling counter and further declined to Rs 106.40, they added.
Furthermore, the local currency showed mixed patterns as it moved both ways versus the pound sterling. The British currency was bought and sold at Rs 136.65 and Rs 137.40 against Tuesday's closing rates of Rs 136.15 and Rs 137.70 respectively, they said.
The dollar opened at Rs 106.05 (buying) and Rs 106.15 (selling) against last rate of Rs 105.95 (buying) and Rs 106.05 (selling). It closed at Rs 106.05 (buying) and Rs 106.15 (selling).
Pound Sterling opened at Rs 135 (buying) and Rs 135.50 (selling). It closed at the same rate.