A kind of firmness was witnessed on the money market on Saturday as the rupee maintained an upward trend against the dollar in process of trading, dealers said. The rupee managed to sustain overnight levels, picking up further 10 paisas in relation to the dollar for buying and selling at Rs 105.70 and Rs 105.90 respectively, they said.
At the weekend, the US dollar hit a more than 2-1/2-year low against a basket of major rivals on reduced expectations for another Federal Reserve rate increase this year, while the euro hit multi-year highs in the wake of a European Central Bank meeting.
The dollar was last set to drop 2.2 percent against the yen for the week to mark its biggest weekly percentage decline in about 13 months.
The dollar index, which measures the greenback against a basket of six major rivals, hit its lowest level since January 2015 of 91.011 and was set for its biggest weekly decline since late June of 1.6 percent.
The euro rose as much as 0.6 percent to its highest since January 2015 of $1.2092. While the euro pared most of its gains, leaving it roughly flat against the dollar at $1.2027, it was on track for a weekly gain of 1.4 percent, putting it up more than 14 percent this year against the dollar.

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Open Bid       Rs 105.70
Open Offer     Rs 105.90
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