The rupee failed to retain overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said.
The dollar opened at Rs 117.50 (buying) and Rs 118 (selling) against same last rate. It closed at Rs 117.50 (buying) and Rs 118 (selling).
========================
Open Bid Rs.117.10
Open Offer Rs.117.60
========================
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 117.40 and Rs 117.80 as compared to the overnight closing trend of Rs 117.10 and Rs 117.65 respectively.
Furthermore, the national currency moved both ways in terms of trading against the pound sterling. At the close, the pound was bought and sold at Rs 157.30 and Rs 158.10 against Friday's closing rate of Rs 157.10 and Rs 158.50 respectively, they added.
The dollar opened at Rs 117.50 (buying) and Rs 118 (selling) against same last rate. It closed at Rs 117.50 (buying) and Rs 118 (selling).