The rupee extended overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee gained 10 paisas more versus the dollar for buying and selling at Rs 106.90 and Rs 107.00 respectively, they said.
At the New York closing session, the dollar was little changed against a basket of currencies, shaking off early weakness, after data showed US consumer prices rose less than expected in September, pointing to muted inflation that could worry Federal Reserve officials.
The Labor Department said on Friday its Consumer Price Index jumped 0.5 percent last month after advancing 0.4 percent in August. Economists polled by Reuters had forecast a 0.6 percent increase.
September's increase was the biggest in eight months, but it stemmed mostly from soaring gasoline prices after hurricane-related production disruptions at Gulf Coast area oil refineries. Underlying inflation remained muted.
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Open Bid Rs 106.90
Open Offer Rs 107.00
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