An easier trend prevailed on the money market on Saturday as the rupee drifted lower against the dollar in the process of trading activity, dealers said. The rupee failed to maintain firmness in terms of the dollar, shedding 10 paisas for buying and selling at Rs 112.30 and Rs 112.60 respectively, however it gained 10 paisas in terms of the euro for buying and selling at Rs 139.00 and Rs 141.00 respectively, they added.
The dollar index, which measures the greenback against a basket of six major currencies, was down 0.33 percent at 89.1 and on track for a weekly fall of 1.6 percent.
The euro was up 0.15 percent against the greenback at $1.2413, after hitting a more than three-year high of $1.2536 on Thursday.
"$1.25 in euro-dollar is a critical level and it's got a lot of sticker shock associated with it," said Greg Anderson, global head of FX strategy at BMO Capital Markets.
"There were probably a lot of options barriers and lots of stops up there that people would love to take out. You would expect to see acceleration in volatility," he said.

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Open Bid       Rs 112.30
Open Offer     Rs 112.60
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