An upward trend prevailed on the money market on Saturday as the rupee managed to gain modestly in terms of the dollar on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 107.30 and Rs 107.50 respectively, they said.
In the New York final trade, the greenback slipped against a basket of currencies on Friday after ABC News reported that Michael Flynn, a former adviser to US President Donald Trump, said he was prepared to testify that Trump directed him to make contact with the Russians when he was a presidential candidate.
The dollar index, which measures the greenback against six rival currencies, was up 0.15 percent at 92.903. Growing optimism that US Senate Republicans would be able to pass a tax overhaul bill had sent the index as high as 93.248, but the index reversed course sharply on the Flynn headlines. Reuters could not immediately verify the ABC News report.

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Open Bid       Rs 107.30
Open Offer     Rs 107.50
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