Firmness prevailed on the money market on Saturday as the rupee did not move any side against the dollar in the process of trading activity, dealers said. The rupee stayed put in terms of the dollar for buying and selling at Rs 111.80 and Rs 112.20 respectively, while it continued decline versus the euro, losing 50 paisas more for buying and selling at Rs 135.50 and Rs 137.50, they added.
The euro was up 0.9 percent to $1.2139, on pace for its biggest single-day percentage gain against the greenback in about two months.
On Thursday, the euro rose 0.72 percent against the dollar after ECB policymakers said in minutes of the bank's December meeting that they could revisit their communication stance in early 2018.
The euro found further support after Chancellor Angela Merkel struck a deal with Social Democrat (SPD) rivals on Friday to open government coalition talks, easing months of uncertainty that has undermined Germany's global role and raised questions about her political future.
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Open Bid Rs 111.80
Open Offer Rs 112.20
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