The rupee shrugged of overnight weakness against the dollar on the money market on Saturday in the process of trading, dealers said. The national currency managed to recover 20 paisas against the dollar for buying and selling at Rs 107.30 and Rs 107.80 respectively, they said.
In the NY final trade, the dollar rose against the euro and yen in choppy trading after a report showed the US economy created more jobs than expected last month, but gains were capped by wages data that analysts said were disappointing.
That could weigh on the pace of interest rate rises next year as the Federal Reserve grapples with sluggish wages that reflect persistently low inflation, analysts said.
The dollar came off three-week highs after the report, while the euro, although still down on the day, recouped some of those losses.
US non-farm payrolls rose by 228,000 jobs in November amid broad gains in hiring as distortions from recent hurricanes faded. The dollar index was up 0.1 percent at 93.899.
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Open Bid Rs 107.30
Open Offer Rs 107.80
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