The rupee managed to hold overnight levels against the dollar on the money market on Tuesday in the process of trading activity, dealers said. The rupee was almost unchanged in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively, they said.
The rupee gained 60 paisas in relation to the euro for buying and selling at Rs 124.00 and Rs 125.00 respectively, they said.
In the second Asian trade, the dollar languished near a 13-month low against a basket of currencies on Tuesday, with traders sceptical that this week's US Federal Reserve meeting would do much to alter the greenback's recent weak trend.
The Fed is widely expected to keep interest rates unchanged at its two-day meeting that ends on Wednesday. The focus will be on any hints on whether it may raise rates again this year, and when it will begin paring its bond holdings.
Given the recent weakness in US inflation data, the market is guessing that the Fed's tone will be dovish and this seems to be weighing on the dollar, said Stephen Innes, head of trading in Asia-Pacific for OANDA in Singapore.
The dollar index, which measures the greenback against a basket of six major currencies, eased 0.1 percent to 93.916, trading within sight of Monday's 13-month low of 93.823.
The dollar was trading against the Indian rupee at Rs 64.375, the US currency was available at 4.278 in terms of the Malaysian ringgit and the greenback was at 6.749 versus the Chinese yuan.

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Open Bid       Rs.107.30
Open Offer     Rs.107.50
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Bid Rate       Rs.105.39
Offer Rate     Rs.105.41
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