The rupee almost sustained its overnight levels in terms of the dollar on Friday in the process of trading activity, dealers said. According to the market sources, the rupee may not be able to maintain stable trend versus the dollar due to rising uncertainties on political front. The rupee shed two paisas in relation to the dollar for buying and selling at Rs 105.38 and Rs 105.40 respectively, they said.
The dollar index last stood at 94.696, having pulled up from a one-week low of 94.411 set on Thursday. The greenback had slipped on Thursday after Republicans in the US House of Representatives released proposals to overhaul the tax code.
Republicans called for slashing the corporate tax rate to 20 percent from 35 percent, cutting tax rates on companies' foreign profits and on individuals and families. Congressional passage of the legislation, however, was far from certain.
The dollar was trading against the Indian rupee at Rs 64.56, the greenback was at 4.231 in terms of the Malaysian ringgit and the US currency was available at 6.619 in terms of the Chinese yuan.
The rupee gained 20 paisas in terms of the euro for buying and selling at Rs 124.80 and Rs 126.05 respectively, they said.

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Open Bid       Rs.107.60
Open Offer     Rs.107.80
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Bid Rate       Rs.105.38
Offer Rate     Rs.105.40
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