Firmness prevailed on the money market on Saturday as the rupee held its overnight levels versus the dollar in the process of trading activity, dealers said. The rupee stayed put against the dollar for buying and selling at Rs 130.80 and Rs 131.50 respectively, they said. The domestic currency gained sharply in terms of the euro for buying and selling at Rs 147.80 and Rs 149.80, they said.
White House economic adviser Larry Kudlow told CNBC that President Donald Trump has not asked US officials to draw up a proposed trade plan for China, shooting down an earlier report from Bloomberg that Trump had asked officials to draft a possible deal.
Kudlow also said he was not as optimistic as he once was about the two nations reaching a deal and said that Trump "could pull the trigger" on additional tariffs on Chinese imports, depending on how talks go.
Separately, Trump told reporters that a lot of progress had been made with China on trade, and he predicted the world's two largest economies would reach a very good deal.

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Open Bid       Rs.130.80
Open Offer     Rs.131.50
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