The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rupee lost 75 paisas in terms of the euro for buying and selling at Rs 143.25 and Rs 144.75, they added.
On Tuesday, the US benchmark government bond yield broke through the psychologically significant 3 percent level for the first time in more than four years as investors reduced their US bond holdings on worries about rising inflation and growing government debt supply.
While Friday extended the week's gains, the dollar's move was muted by comparison, last up just 0.1 percent at 91.671 against a basket of six currencies, though still its highest since Jan. 12.
"The market's taking a bit of a breather after some significant moves over the better part of last week," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange Inc, in Washington D.C.

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Open Bid       Rs.118.20
Open Offer     Rs.118.70
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