The rupee sustained overnight levels against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee did not move any side versus the dollar for buying and selling at Rs 107.20 and Rs 107.40 respectively, they said. The rupee was trading in terms of the euro for buying and selling at Rs 124.60 and Rs 125.85 respectively, they said.
The dollar index, which tracks the greenback against six major currencies, was down 0.08 percent at 94.37. For the week, the index was down 0.6 percent, on pace for its worst performance since the week ending Oct. 13.
The greenback has also lost 0.5 percent against the Japanese yen this week. US Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several fronts, including deductions for state and local taxes, and the estate tax.
Complicating a Republican push for the tax revamp, senators said that, like the House, they wanted to slash the corporate tax rate to 20 percent from 35 percent, but in 2019 rather than right away.
"It just highlights the challenge in reconciling the two (plans)," said currency strategist Erik Nelson of Wells Fargo Securities in New York.
The House was set to vote on its measure next week after its tax-writing Ways and Means Committee approved the legislation on Thursday along party lines, with Democrats united in opposition.

========================
Open Bid       Rs 107.20
Open Offer     Rs 107.40
========================