The rupee slid against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee moved within the band of Rs 115.60 and Rs 115.62 respectively, the said. In the fourth Asian trade, the dollar edged up against the yen on Thursday, but its gains were thin as concerns over possible Western military action against Syria lent support to the safe-haven Japanese currency.
The dollar was trading against the Indian rupee at Rs 65.380, the greenback was at 3.875 versus the Malaysian ringgit and the US currency was at 6.279 in relation to the Chinese yuan.
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Open Bid Rs.116.30
Open Offer Rs.116.70
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Bid Rate Rs.115.60
Offer Rate Rs.115.62
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According to currency dealers, the short supply phenomenon of the greenback prevailed throughout the trading session which helped its appreciation for buying and selling at Rs 116.50 and Rs 116.70 as compared to the overnight closing of Rs 116.30 and Rs 116.70 respectively.
Likewise, the local currency also followed the same suit and remained under pressure for the second consecutive day against the pound sterling. Consequently, the pound's buying and selling rates further rose from Wednesday's closing of Rs 163.50 and Rs 164.50 to Rs 163.80 and Rs 164.60 respectively, they added.
The dollar opened at Rs 116.70 (buying) and Rs 116.80 (buying) against same last rate. It closed at Rs 116.70 (buying) and Rs 116.80 (buying).