The rupee sustained overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee firmly held the overnight levels in relation to the dollar for buying and selling at Rs 106.50 and Rs 106.70 respectively, they said.
At the week-end, the dollar fell against a basket of major currencies as continued uncertainty over the economic agenda of US President Donald Trump pushed investors out of the greenback.
The dollar dropped to a four-month low against the yen in early trading but retraced some of its losses after rumours began to swirl about the impending firing of White House senior adviser Steve Bannon. The White House confirmed Bannon's exit in a statement Friday afternoon.
As Trump's chief strategist, Bannon has been seen as representing a right-wing political faction that critics have said encourages white supremacists like those involved in the deadly rioting last weekend in Charlottesville, Virginia.
Bannon has been also seen by some market participants as an opposing force to Trump's chief economic adviser, Gary Cohn, and Treasury Secretary Steve Mnuchin.
The dollar dropped nearly 1 percent against the yen, falling to 108.58 yen, its lowest since late April. It was last down 0.25 percent at 109.31 yen.

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Open Bid       Rs.106.50
Open Offer     Rs.106.70
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