Marginal decline was seen in the value of the rupee against the dollar on the local currency market on Saturday in the process of trading activity, dealers said. The rupee slid by 10 paisas in relation to the dollar for buying and selling at Rs 133.90 and Rs 134.20 respectively, they said. The domestic currency, dropped sharply in terms of the euro for buying and selling at Rs 152.00 and Rs 154.00, they said.
The greenback fell to one-week lows versus the euro and a two-week trough against the yen following comments from Fed Vice Chair Richard Clarida, who told CNBC television he saw some evidence of global growth cooling.
Clarida also noted key US short-term borrowing rates are close to neutral and said being at neutral "makes sense."
Traders perceived his comments to mean the No 2 Fed official may be open for the Fed to pause its rate-hike campaign sooner than previously thought.

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Open Bid       Rs.133.90
Open Offer     Rs.134.20
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