Firmness prevailed on the money market on Saturday as the rupee held levels for the second day against the dollar in the process of trading, money experts said. The rupee showed no visible change in terms of the dollar for buying and selling at Rs 116.20 and Rs 116.60 respectively, they said. The rupee also did not move any side versus the euro for buying and selling at Rs 141.50 and Rs 143.30 respectively, they added.
========================
Open Bid Rs.116.20
Open Offer Rs.116.60
========================
The dollar resumed trading on a depressed note and failed to maintain its day earlier position. The dollar declined from the overnight closing of Rs 116.45 to Rs 116.30 on buying side while its selling rate stayed unchanged at Rs 116.80, the dealers said.
On the contrary, the rupee remained under pressure and depreciated its wroth against the pound sterling that was traded at Rs 162.30 and Rs 163.30 on buying and selling counter as compared to Friday closing of Rs 161.90 and Rs 162.60, they added.
The dollar opened at Rs 115.70 (buying) and Rs 115.80 (buying) against last rate of Rs 116.70 (buying) and Rs 116.80 (buying). It closed at Rs 115.70 (buying) and Rs 115.80 (buying).