Weakness persisted on the money market on Friday as the rupee continued erosion against the dollar in the process of trading activity, dealers said. The rupee sustained present levels in relation to the dollar for buying and selling Rs 115.61 and Rs 115.62 respectively, they said.
The euro traded at $1.1692, little changed on the day but keeping intact its recovery from Tuesday's 10-month low of $1.1510.
The dollar was available against the Indian rupee at Rs 67.255, the greenback was at 3.982 in terms of the Malaysian ringgit and the US currency was at 6.417 in relation to the Chinese yuan.
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Open Bid Rs.118.50
Open Offer Rs.119.00
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Bid Rate Rs.115.61
Offer Rate Rs.115.62
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According to currency dealers, the US dollar commenced trading on a positive note following lack of buyers' interest in the market. Resultantly, the dollar slipped higher for buying and selling at Rs 119.00 and Rs 119.50 as compared to the overnight closing trend of Rs 118.60 and Rs 119.10 respectively, they added.
On the other hand, the national currency showed strength as it recovered its earlier losses against the pound sterling. The pound's buying and selling rates slid from Thursday's closing of Rs 157.70 and Rs 158.70 to Rs 157.65 and Rs 158.45 respectively, they said.
The dollar opened at Rs118.80 (buying) and Rs 118.90 (selling) against last rate of Rs118.50 (buying) and Rs 118.60 (selling). It closed at Rs118.80 (buying) and Rs 118.90 (selling).