THE RUPEE: more recovery

01 Apr, 2018

The rupee maintained overnight trend versus the dollar on the currency market on Saturday in the process of trading activity, money experts said.
The New York markets were closed in observance of Good Friday.



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Open Bid Rs.115.70
Open Offer Rs.116.20
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According to currency dealers, the greenback resumed trading on a negative note following lack of buyers' interest in the market. Consequently, it slid by 10 paisas and ended for buying and selling at Rs 115.90 and Rs 116.30 as compared to the overnight closing trend of Rs 116.00 and Rs 116.40 respectively, they added.
Similarly, the national currency also followed the same suit in terms of trading against the pound sterling. The pound's buying and selling rates declined from Friday's closing of Rs 160.50 and Rs 161.20 to Rs 160.10 and Rs 160.75 respectively, they said.
The dollar opened with 10 paisas recovery in terms of the dollar at Rs 115.80 (buying) and Rs 115.90 (buying) against last rate of Rs 115.90 (buying) and Rs 116 (buying). It closed at Rs 115.80 (buying) and Rs 115.90 (buying).

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